Japan PM Kishida: Expects BOJ to make efforts to achieve 2% inflation target

Anil Panchal FXStreet

“I won't touch sales tax for time being,” said Japan Prime Minister (PM) Fumio Kishida crossed wires, via Reuters, during early Friday.

Additional comments

See no need to tweak budget balancing target now.

Expects BOJ to make efforts to achieve 2% inflation target.

Specific monetary policy is left up to BOJ to decide.

Exit strategy is up to BOJ to decide.

Market reaction

Given the recently hawkish Bank of Japan (BOJ) Meeting Minutes, USD/JPY remain pressured following Japan PM Kishida’s comments suggesting further liberty for the BoJ.

Read: USD/JPY renews weekly low under 114.00 on downbeat yields, BOJ Minutes

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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