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Bank of Japan Governor Kazuo Ueda Highlights Policy Framework Goals

by Elena

Bank of Japan (BoJ) Governor Kazuo Ueda recently shared insights regarding the central bank‘s policy framework, expressing a desire to streamline and enhance clarity, contingent upon favorable economic conditions since assuming office a year ago.

Ueda emphasized his commitment to simplifying the central bank’s policies, citing a relatively robust economic performance in the previous fiscal year. He assured flexibility in responding to economic shifts within the new policy framework.

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Market Response:

Despite Ueda’s remarks, the Japanese Yen (JPY) saw minimal impact, persisting near multi-decade lows against the US Dollar (USD) established the previous week.

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