[Détails]Bank of Japan Governor Kuroda’s press conference “We will not raise interest rates at this time”

The Bank of Japan decided to maintain its large-scale monetary easing measures. Ahead of the Bank of Japan meeting, the US Federal Reserve Board decided to raise interest rates dramatically to contain record inflation. The interest rate differential between Japan and the United States is widening. The difference in political orientation is even more evident. Immediately after the Bank of Japan announced its monetary policy, the yen depreciated to the level of 145 yen per dollar for the first time in 24 years. Governor Kuroda says monetary easing is still necessary for economic expansion accompanied by wage increases. However, monetary easing accelerated the depreciation of the yen. Further price increases could have a direct impact on people’s livelihoods. How does Governor Kuroda intend to handle this? We will inform you of the press conference from 3:30 p.m.

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