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Forex news -forex broker review => Forex => Topic started by: forex4you on Oct 19, 2022, 01:04 pm

Title: BOJ's Adachi: Monetary policy does not directly contribute to FX moves
Post by: forex4you on Oct 19, 2022, 01:04 pm
BOJ's Adachi: Monetary policy does not directly contribute to FX moves

<p>I mean, really? Nothing contributes more to FX than monetary policy. It couldn't be more direct unless it was the BOJ itself buying and selling.</p><p>More:</p><ul><li>Inflation starting to rise but not convinced yet BOJ's target will be achieved in a stable, sustained manner</li><li>Responding to short-term FX moves with monetary policy would heighten uncertainty and wouldn't be good for Japan's economy</li><li>We must be cautious about shifting towards monetary tightening as downside risks to Japan's economy are increasing</li><li>Japan's prices rising at a faster pace than I initially thought</li><li>Japan is still half way in meeting BOJ's 2% inflation target</li><li>There is a growing chance Japan's core-core <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_3" class="terms__main-term">inflation</a>, which strips away impact of volatile fresh food and fuel costs, may rise to 2% in Oct</li><li>Japan's economy picking up despite impact of rising commodity prices</li></ul><p>On the one hand, it's insane that Japan is still pinning yields. On the other, it makes for an interesting control group in the global inflation landscape.</p>

                This article was written by Adam Button at forexlive.com.

Source: BOJ's Adachi: Monetary policy does not directly contribute to FX moves (https://forexlive.com/centralbank/bojs-adachi-monetary-policy-does-not-directly-contribute-to-fx-moves-20221019/https://forexlive.com/centralbank/bojs-adachi-monetary-policy-does-not-directly-contribute-to-fx-moves-20221019/)

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