A Member Of The Board Of The Bank Of Japan Believes That Inflation May Accelerate
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The Bank of Japan (BOJ) board member Seiji Adachi is back on the wires this Wednesday, noting that “recent yen fall are very rapid,” which “could heighten uncertainty for firms planning capex.”
Additional comments
“Japan's consumer inflation may accelerate quite rapidly in Oct.”
“Japan's inflation to remain high for some time early next year.”
“Don't see immediate need to take additional steps to address worsening functioning of JGB market.”
Market reaction
These comments have little to no impact on the Japanese currency, as it resumes its drop versus the US dollar in early Europe. The pair is trading modestly flat at around daily highs of 149.30, as of writing.
