Bank of Japan Governor Ueda
- have not reached sustainable 2% inflation
- inflation to slow a great deal around the middle of fiscal year 2023, likely to rebound after this but uncertainty is high
- BOJ will patiently maintain easy monetary policy as there is still distance to go to stable 2% inflation
- BOJ will continue with bond buying operations
more to come
USD/JPY update – the US dollar has lost ground across the majors board.