- Inflation is not necessarily low if we look at the prices of other services
- If prices move in line with our forecasts, it would be reasonable to adjust policy and raise rates further.
He mainly asserts that the central bank is still able to raise rates further from now on. As for the timetable, he says it is still uncertain, that is, it depends on the data. Either way, we all know they won’t change their minds on this position. So this is not exactly what is needed to help the yen.
This article was written by Justin Low at www.forexlive.com.
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