Surging oil prices are making monetary policy formulation difficult, the governor of the Bank of Japan has said.
Speaking to reporters in Washington on April 16, Kazuo Ueda said the BoJ would monitor the global situation to “the last minute” before determining monetary policy settings at its next meeting later this month. “Developments in the Middle East will be a crucial factor but the outlook remains quite uncertain,” he said, according to Jiji Press.
The governor said rising energy prices had
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