Finance

Uncertainty over Japan’s economic, price outlook is high

The Bank of Japan (BOJ) board member Toyoaki Nakamura warned over the uncertainty in the country’s economic and inflation outlook, in his latest appearance on Wednesday.

Additional comments

Must be vigilant to downside risks on Japan’s economic outlook.

Japan likely to see pent-up demand boost consumption, though timing of it appearing likely being somewhat delayed.

BOJ will start offering funds under climate change scheme by end of this year.

Will continue to examine measures for assisting efforts to combat climate change.

Japan’s green bond market, at 1 trillion yen as of 2020, remains small given size of its economy.

Japanese companies’ mid- to long-term growth expectation has not fallen.

Japan must create framework in which huge private investment on climate change can be executed, remain profitable in sustainable manner.

Read: BOJ’s Nakamura: Japan’s economy in a severe state but picking up as a trend

Market reaction

USD/JPY is keeping its range around 109.80, awaiting the key US data for fresh trading impetus. The pair is up 0.16% on the day.

View more information: https://www.fxstreet.com/news/bojs-nakamura-uncertainty-over-japans-economic-price-outlook-is-high-202108250240

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