Deputy Governor Bank of Japan (Bij) Shinichi Uchida said on Wednesday: “If the forecasts meet the bank, they adapt the policy.”

Additional quotes

If the forecasts meet the bank, they will adjust the rules even more.

The bank will be able to continue during the research of the business reaction if it raises the policy interest rate at a pace as expected.

Currently, the bank does not know what the interest rate level will be, which is neutral for business and prices.

The bank will examine the reaction of business and prices because it raises the policy interest rate.

If the prospects of economic activity and the prices presented in the perspective report are carried out, the bank will properly raise the policy interest rate and adjust the level of cash accommodation.

Uncertainty about the global economy remain high, and due attention is still justified here.

Wages are probably constantly growing and supporting private consumption.

Gradually, the adaptation of the degree of cash accommodation, while maintaining the financial conditions of accommodation, will lead to stability of economic activity and prices in the long run.

Even after raising the policy interest rate to about 0.5%, the accommodation financial conditions still support the economy.

Private consumption was a moderate, growing trend.

Corporate Capex will probably grow for a long time.

Japan’s economy is expected to grow at a pace above the potential growth rate.

The economy of Japan has recovered moderately, although some weakness was observed.

The reduction in the amount of arrears in the range of JGB resources was confined, and therefore the effects of monetary soothing will probably be continued on a huge scale.

Basically, long -term interest rates should be created freely on financial markets.

In a unique situation in which long -term interest rates rapidly increased in a way that differed from normal market development, the bank would bring an agile answer, for example, increasing JGB purchases.

The bank did not change his thinking about political proceedings regarding the miniature -term interest rate of JGB policy and purchases.

Market reaction

During the press, USD/JPY It has a profit near 150.00 after these comments, which is an augment of 0.20% during the day.