Japan’s Akazawa: PM Ishibu and BoJ share view that exit from deflation is top priority

Dhwani Mehta FXStreet

Japan's newly appointed Economy Minister Ryosei Akazawa said on Friday that Prime Minister Shigeru Ishiba and the BoJ share the view that exit from deflation is Japan's top priority.

Additional quotes

No change to the interpretation of the government-Bank of Japan (BoJ) accord targeting 2% inflation.

Will communicate with markets, dialogue with markets is important.

Timing of monetary policy change is important, must align with Japan's broader goal of exiting deflation.

Market reaction

At the time of writing, USD/JPY has paused its renewed downside, trading at around 146.65, still losing 0.18% on the day.

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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