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BoJ ties yen moves to higher inflation risk, signaling possible faster rate hikes

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Source: investingLive
BoJ ties yen moves to higher inflation risk, signaling possible faster rate hikes
Photo: investingLive
TL;DR

BoJ Deputy Governor Himino said the bank will continue raising rates with pace guided by the evolving baseline and risks; underlying inflation is nearing 2% but faces upside risk, and yen depreciation now has a larger inflation impact due to changes in corporate behavior, giving the BoJ room to accelerate hikes if FX weakness persists while stressing that policy does not target exchange rates; markets watched USD/JPY spike toward 161.8 before reversing.

Topics:businesseconomy#boj#economy#fx#inflation#monetary-policy#yen
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  1. BoJ's Deputy governor warns yen moves now carry bigger inflation punch than in the past  investingLive
  2. BOJ flags risk of inflation overshoot, signals rate-hike intent  Reuters
  3. BOJ’s Himino Sees Risk of Price Trend Rising Above 2% Target  Bloomberg.com
  4. Japan Raises Rates to 31-Year High to Ward Off War Inflation  The New York Times
  5. BOJ Deputy Governor Warns of Risk from Delaying Rate Hikes  WSJ

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