Government will not comment on thatHopes that BOJ will guide monetary policy appropriately to stably achieve 2% inflation targetHopes for BOJ to work closely in line with the government on principles stipulated in joint agreementImportant for stock, FX, bond market to move stably reflecting fundamnetalsGovernment will watch market moves with high sense of urgency
Well, he’s still trying to press the BOJ a little in hoping that they will steer clear of a rate hike this month. But if anything else, Ueda looks to have his mind made up. So, we’ll have to just wait and see now. USD/JPY has pared its drop on the day in European morning trade here, with the pair now back up to flat levels at 155.08. The low earlier in the day touched 154.34 before dip buyers stepped back in.
This article was written by Justin Low at investinglive.com.