Japan’s Matsuno: Government hopes to continue working closely with BoJ
|Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, the government hopes to continue working closely with the Bank of Japan (BoJ) to achieve sustained economic growth and price stability, based on the agreement made in the joint statement.
He added that the “government hopes the BoJ continues to work closely with them, and seek to sustainably and stably achieve price target with an eye on economic, price and financial developments.”
Market reaction
USD/JPY is down 0.45% on the day, trading at 136.06, at the time of writing. The Japanese yen is cheering the news that the government is set to revise a joint statement with the BoJ over the latter's inflation target, potentially implying a tweak to its ultra-loose monetary policy.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.