Japan’s Katayama says expect BoJ to conduct appropriate monetary policy to achieve 2% price target
Japanese Finance Minister (FM) Satsuki Katayama said on Thursday that official will review budget requests, control debt issuance at a level that can gain market credibility. Katayama also expect the Bank of Japan (BoJ) to steer policy properly to achieve stable, sustainable 2% inflation.
Key quotes
Will review budget requests, control debt issuance at a level that can gain market credibility.
We have stated our determination to address excessive volatility when we launched Japan-US joint intervention.
No comment on BoJ policy.
Expect BoJ to closely coordinate with government and conduct appropriate monetary policy to achieve 2% price target.
Expect BoJ to steer policy properly to achieve stable, sustainable 2% inflation.
Market reaction
At the time of writing, the USD/JPY pair is down 0.10% on the day at 156.10.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big iron ore miners deplete reserves faster than they replace
The Federal Reserve signals continued interest rate hikes; the U.S. dollar posts its largest single-week gain in over three months.
After the Federal Reserve signaled continued interest rate hikes in the future, the US dollar strengthened significantly this week, marking its largest single-week gain in more than three months.
South Korean Won: Foreign equity flows keep KRW heavy against US Dollar – OCBC
Crypto prices
More
