- No comment on short-term moves in market
- Need to look at actual data to see how tariff-induced inflation in the US negatively affects Japan’s exports
- Not yet at the point where higher tariffs are having that negative impact though
- Food price inflation would not have a big impact on underlying inflation but there is a risk
The press conference is slowly winding down and I wouldn’t expect any more major remarks from here. Overall, Ueda has just come out to mostly brush aside the dissents from Takata and Tamura while reaffirming that the main line of communication remains the majority view in the BOJ. USD/JPY has trimmed a chunk of its losses to 147.88 on the day, helped by some light dollar firmness to start the session.
This article was written by Justin Low at investinglive.com.
