The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central banks tightening monetary policy to combat soaring inflation.
Here are some analysts’ views on the move and market reaction:
Shigetoshi Kamada, General Manager—Research Department, Tachibana Securities, Tokyo
“The outcome was in line with our expectations. It became clearer that the Bank of Japan will continue to be committed to support the economy. The yen fell to 145 yen to the dollar for a moment (after the announcement). Unstable move of the yen increases uncertainties of Japanese stocks. Even as some companies benefit from the weak yen, some suffer as costs increases so in total that is going to be a worry….
Powered by WPeMatico