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Further comments are flowing in from the Bank of Japan (BoJ) board member Seji Adachi, this time speaking about the central bank’s yield curve control (YCC) policy.
Feel it will be tricky to judge inflation as overshooting our projection as a trend, and tweak policy, just with data available by our July meeting.
Want to look at several months' price data, and speed of price moves, in gauging price trend.
We won't tie monetary policy to price moves alone, will also look for any distortion in yield curve, bond market functions.
What to do with our overshoot commitment will be tied to our decision on what we do with YCC.
Using monetary policy as tool to arrest weak Yen would hamper progress made in achieving 2% inflation target.
We do not use monetary policy to directly manipulate FX rates.
风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

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