The post Inflation yet to sustainably hit BoJ’s price target appeared on BitcoinEthereumNews.com. Japan Prime Minister Sanae Takaichi said on Tuesday that Japan is still halfway through in achieving sustained achievement of the Bank of Japan’s (BoJ) price target. Key quotes Japan still halfway through in achieving sustained achievement of BOJ price target.Expects BOJ to conduct appropriate monetary policy to sustainably hit price target.Calls on BOJ to work closely with the government.Abenomics has boosted GDP, created jobs.Government will strategically deploy fiscal spending to boost household income, consumer sentiment. Market reaction   As of writing, the USD/JPY pair is down 0.14% on the day at 154.00.  Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ… The post Inflation yet to sustainably hit BoJ’s price target appeared on BitcoinEthereumNews.com. Japan Prime Minister Sanae Takaichi said on Tuesday that Japan is still halfway through in achieving sustained achievement of the Bank of Japan’s (BoJ) price target. Key quotes Japan still halfway through in achieving sustained achievement of BOJ price target.Expects BOJ to conduct appropriate monetary policy to sustainably hit price target.Calls on BOJ to work closely with the government.Abenomics has boosted GDP, created jobs.Government will strategically deploy fiscal spending to boost household income, consumer sentiment. Market reaction   As of writing, the USD/JPY pair is down 0.14% on the day at 154.00.  Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ…