The Bank of Japan (BoJ) Governor Kazuo Ueda responded to a parliamentary question on Friday, saying that the Japanese economy is moving in line with price target protections. Ueda further stated that he will closely watch the market moves with a sense of urgency as uncertainties remain.
Key quotes
Sees stocks recovering from mid-August onward.
Adjusts overblown concerns about the US economy.
To monitor markets with high urgency.
Sees financial markets in unstable conditions.
July rate increase aligned with the Bank of Japan's economic expectations.
Emphasizes the need for clear communication of the bank's policies.
To maintain cautious communication
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