Japan PM Kishida: Expect BOJ to maintain efforts to realize 2% inflation target

Dhwani Mehta FXStreet

Japanese Prime Minister Fumio Kishida said Thursday, he expects the Bank of Japan (BOJ) to maintain its efforts towards achieving the 2% inflation target.

Additional quotes

Not planning to make changes to sales tax for time being.

Specific monetary policies including policy target, exit strategies are up to BOJ to decide.

Must work hard on wage hikes as prices rise.

Idea of issuing education-oriented govt bonds must be carefully considered.

Will consider applying corporate disclosure rules on the gender pay gap.

Will closely watch impacts of inflation due to soaring raw material prices on households, companies.

Market reaction

USD/JPY is trading listlessly around 114.35, little changed on the day, at the time of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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