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2025-07-31 15:54:13
[Kazuo Ueda downplayed the risk of inflation, and the yen weakened across the board] According to analysis by the US financial media Investinglive, during the press conference of Kazuo Ueda, Governor of the Bank of Japan, the yen exchange rate fell across the board. Because he seemed to have no intention of raising interest rates in a hurry. Two key statements were: "Monetary tightening measures are indeed effective for demand-driven inflation, but the current inflation is mainly driven by supply" and "the current exchange rate fluctuations are not much different from our expectations." What he meant was that the current inflation is likely to be just a one-time phenomenon, and we all know how much they value persistent inflation. And these remarks on foreign exchange show that the depreciation of the yen has no effect on them at all, which gives the market permission for further depreciation (other conditions unchanged)
