Skip to main content

BoJ unlikely to move policy to counter yen weakness

Bank wary of raising rates or increasing its yield control target, writes Sayuri Shirai

Japan stock prices
The BoJ's monetary policy is guided not by the exchange rate, but by price stability

Rising inflation is a global phenomenon, mainly driven by recent sharp hikes in energy prices, food price increases and continuing global supply-chain disruptions related to coronavirus lockdowns. Among developed countries, the United States has one of the highest CPI inflation rates, which stood at around 9% in June 2022. Inflation excluding food and energy recorded 4.7%. These rates far exceed the Federal Reserve’s 2% inflation target.

Meanwhile, Japan’s inflation rate also exceeded 2%, as

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Artículos más leídos cargando...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.