BoJ’s Himino: Delaying adjustment in monetary easing risks price overshoot
Bank of Japan (BoJ) Deputy Governor Himino said on Monday that delaying adjustment in monetary easing could trigger a significant inflation overshoot. Himino emphasized that oil price pass-through to downstream goods is advancing fairly quickly.
Key quotes
Oil price pass-through to downstream goods advancing fairly quickly.
Recent easing of Middle East tensions aligns with April outlook.
Easy monetary conditions likely to continue.
Delaying adjustment in monetary easing risks price overshoot.
Central Bank to closely watch effects of higher policy rates on firms, families.
Market reaction
At the time of writing, USD/JPY is up 0.11% on the day at 161.45.
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