BoJ's Himino warns delaying monetary easing adjustment risks inflation overshoot
BoJ Deputy Governor Himino said delaying adjustment in monetary easing could trigger a significant inflation overshoot, noting that oil price pass-through to downstream goods is advancing.
USDJPY
Bank of Japan Deputy Governor Himino stated on Monday that postponing adjustments to the central bank's monetary easing stance could lead to a notable inflation overshoot. The comment suggests policymakers are weighing the risks of keeping policy too loose for too long.
Himino also pointed out that the pass-through of higher oil prices to downstream goods is progressing at a fair pace, indicating that cost pressures are feeding into consumer prices. The remarks add to the debate over the timing of a potential shift in BoJ policy.
Source: FXStreet Forex News