- See no need now to change our baseline view on Japan’s economy.
- See no change to big picture of Japan’s economy, price developments since we released our outlook report on May 1.
- Many trade negotiations with US still going on, uncertainty remains high.
- Whether to raise interest rates and likely timing of such a move will depend on Japan’s economic, price developments.
- Won’t comment on short term moves in bond yields.
I’ve been reading the same comments from Ueda for several months now. There’s nothing new here. The BoJ focus remains on US-Japan trade negotiations and inflation.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
