BoJ’s Ueda: BoJ faces task of making various efforts to sustain monetary easing
The new deputy governor of Bank of Japan (BoJ), Uchida Shinichi, reiterated on Monday that they will do the utmost to achieve price stability and financial system stability, as reported by Reuters.
“It’s very important for financial intermediation to smoothly play out in the economy,” Uchida added and acknowledged that the BoJ faces the task of making various efforts to sustain monetary easing.
Uchida further noted that he wants to achieve the 2% inflation target during his 5-year term.
Market reaction
USD/JPY showed no immediate reaction to these comments and was last seen trading modestly higher on the day at 132.30.