Home Forex The BoJ decides on specific monetary policy instruments

The BoJ decides on specific monetary policy instruments

by SuperiorInvest

“Specific monetary policy tools are up to the Bank of Japan (BoJ), including yield curve control, negative interest rate, ETF purchase,” Japanese Prime Minister Fumio Kishida told Reuters on Wednesday morning.

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Government and Combat agreed to work closely together in implementing a brisk policy aimed at economic growth in tandem with rising wages and a sustainable and stable achievement of the inflation target.

It is premature to mention the chance of a revision of the joint statement of the government and the BoJ at this stage, as the next governor of the fight has not been decided.

It will make the relevant decision on the next BoJ governor while monitoring future economic trends.

At the end of incumbent Kuroda’s term on April 8, he will appoint the next BoJ governor based on the candidate’s abilities.

USD/JPY recovers intraday high

After the news USD/JPY retook an intraday high near 130.60, up 0.24% on the day.

Also read: USD/JPY eyes sluggish returns above 130.00 as yen traders await BoJ, US GDP and Fed summaries

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