Dollar-yen is struggling to rebound in the upper ¥157 range. BOJ Governor Ueda attended the House of Councillors Budget Committee, and reports indicated that underlying inflation is gradually rising and is now quite close to 2%. The view was also expressed that stabilizing underlying inflation at 2% is increasingly important.
Dollar-yen fell to ¥157.72 and has continued to show little momentum on rebounds.
BOJ Governor Ueda, who attended the House of Councillors Budget Committee, was reported to have said that underlying inflation is gradually rising and is now quite close to 2%.
Following these remarks, it was reported that the importance of stabilizing underlying inflation at 2% had been emphasized.