Japan’s Hayashi expects BoJ to work closely with the government

FXStreet
Updated
Mitrade
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Source: DepositPhotos

Japan Chief Cabinet Secretary Yoshimasa Hayashi said on Friday that he expected the Bank of Japan (BoJ) to work closely with the government to conduct appropriate monetary policy to sustainably, and stably hit its price target.


Key quotes


Monetary policy falls under jurisdiction of BoJ, with no comment on the government's view on its decision. 

Expect BoJ to conduct appropriate monetary policy to sustainably, and stably hit its price target, working closely with the govenment.


Market reaction


At the time of writing, USD/JPY is trading 0.03% higher on the day at 152.07.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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