BoJ’s Wakatabe: Secular stagnation risk has yet to pass
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“Central banks must remain on guard against the potential dangers of secular stagnation and low inflation as price rises driven by cost-push factors do not last long,” Bank of Japan (BoJ) Deputy Governor Masazumi Wakatabe said on Monday per Reuters.
Given the late Monday’s commentary from a prominent BoJ official, the USD/JPY price should have acted positively, considering the talks in favor of the easy money policy. However, the Yen pair remains inactive at around 136.20 by the press time of early Tuesday in Asia, after retreating from a two-month high the previous day.
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