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3 Jun 2015
BoJ Shirai cautious on Japan inflation outlook – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares the comments from BoJ’s Shirai regarding inflation and easing.
Key Quotes
“In Japan, BOJ's Shirai was somewhat cautious in terms of inflation outlook, forecasting 2% objective to be achieved only at the end of 2016. Shirai did not moderate wage rises would support spending, and while current asset buying scale was appropriate, there is little chance for incoming data to justify expanded easing. USD/JPY retreated further on the comments, falling by over 40 pips as low as 123.80.”
Key Quotes
“In Japan, BOJ's Shirai was somewhat cautious in terms of inflation outlook, forecasting 2% objective to be achieved only at the end of 2016. Shirai did not moderate wage rises would support spending, and while current asset buying scale was appropriate, there is little chance for incoming data to justify expanded easing. USD/JPY retreated further on the comments, falling by over 40 pips as low as 123.80.”