“Japan's economic recovery will become clearer as the coronavirus pandemic's impact fades,” Bank of Japan Governor Haruhiko Kuroda said in a scheduled speech this Thursday.
Additional quotes
Japan's economy picking up as trend although it remains in severe situation due to coronavirus impact.
Exports, output are being affected by supply constraints but continue to rise.
Consumption continues to stagnate at low levels.
Pace of recovery in consumption uncertain as depends on pandemic developments.
Expect CPI to rise gradually on economy's improvement and fading effects of lower mobile phone fees.
Inflation trend remains firm.
Corporate funding remains severe among service-sector firms hit by the pandemic.
Won't hesitate to ease policy further if necessary.
Important to promote healthy development of new markets such as green bonds.
USD/JPY reaction
USD/JPY is unperturbed by the above comments, as it recaptures 112.00 amid a renewed uptick in the US Treasury yields.
- USD/JPY looks to build on momentum beyond 112.00 mark