BOJ Gov Ueda says if price target is met in sustainable, stable manner, BoJ will end YCC

Bank of Japan Governor Ueda:

  • says from his appearance in parliament that if the Bank's inflation target is met in a sustainable, stable manner, the BoJ will end YCC and then shrink its balance sheet
  • we are seeing some bright sings, including on inflation expectations

USD/JPY drips a bit lower:

usdyen boj ueada inflation target 09 May 2023

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