VOT Research Desk
Toyoaki Nakamura, a board member of the Bank of Japan (BoJ), is continuing to remark on the forecast for inflation and monetary policy.
The question of whether inflation will grow consistently will be crucial for future policies. I’m still not sure whether consumer inflation will be more than 2% starting in the fiscal year 2023.
Only the rate of salary growth in the spring wage negotiations of the following year won’t spark discussion about policy changes.
I don’t think the framework for monetary policy has to be changed right now.
The dovish remarks from the BoJ helped the USD/JPY strengthen its rise, which was last seen trading at 137.52. The spot has gained 0.35 percent today.