BOJ’s Adachi: Will control interest rates, avoid one-sided rises to prevent collapse in Japan’s finances
|In an interview with Mainichi newspaper on Friday, the Bank of Japan (BOJ) new board member Seiji Adachi said that the central bank will control the interest rates while avoiding one-sided rises, in an effort to prevent collapse in Japan’s finances.
Additional comments
"Too early for any talk of fiscal discipline, now is time to ramp up fiscal spending."
"The priority now is to avoid destabilization of Japan’s financial system."
Market reaction
USD/JPY holds steady around 107.15 amid a tepid risk tone starting out this Friday’s Asian session, with the surge in global coronavirus cases continues to offer headwinds to the bullish bias in the spot.
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