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The Japanese yen was little changed around 158.2 per dollar on Wednesday, remaining within a narrow range as investors assessed data showing that exports increased less than expected in September and posted the slowest growth since April. Still, exports extended their growth streak to 13 consecutive months, supported b
BoJ Governor Ueda: underlying inflation near 2% target
Governor Kazuo Ueda said the Bank of Japan will focus on anchoring underlying inflation around its 2% target and will not tolerate an overshoot.
The BOJ’s September Summary of Opinions points to a somewhat more hawkish tone on inflation and the path of policy. Officials generally judged that underlying inflation is approaching 2%, with near-term upside risks elevated, while higher crude oil prices received greater attention than at the July meeting amid Middle
Reuters says the Bank of Japan expects rate increases to come faster and more regularly as it pre-empts inflation overshoot risks. Thursday's Tankan survey and Friday's inflation data may shape the timing of the next move.