The Bank of Japan (BOJ) board member Seiji Adachi acknowledged on Wednesday that “there is very high uncertainty on Japan's economic outlook.”
Additional comments
“Japan's economy is improving as a trend due to the boost from external demand.”
“Closely watching the pace of vaccine rollout.”
“it’s a key element for Japan to achieve a sustainable recovery.”
“Can't rule out the chance that some firms may face funding problems.”
Market reaction
USD/JPY keeps its range around 109.60 on the above comments, adding 0.14% on the day.
