Japanese official: Financial institution of Japan could also be behind the curve vs. inflation

A personal-sector member of the Japanese authorities’s Financial Council stated on Thursday that he’s “apprehensive that the Financial institution of Japan (BoJ) could also be behind the curve vs. inflation, which is already affecting folks’s livelihood,” per Reuters.

One other member of the council stated, “Japan now wants the coverage to stabilize inflation at 2% not like previously when the objective was to speed up inflation to that degree.”

Market response

The Japanese Yen (JPY) is holding its restoration close to 147.25 towards the US Greenback (USD) following these feedback, with USD/JPY shedding 0.07% on the day to this point.