Japan’s Goto: Friday’s BoJ decision not a shift in monetary easing stance

Dhwani Mehta FXStreet

Speaking in an interview with Reuters on Tuesday, Japan’s Economy Minister Shigeyuki Goto noted, “BoJ's Friday decision was meant to increase the sustainability of monetary easing by making YCC more flexible.”

Goto said he “does not think the decision of the Bank of Japan on Friday was a shift in monetary easing stance.”

His comments come after a senior official from Japan’s ruling Liberal Democratic Party (LDP) said Monday, “the Bank of Japan’s (BoJ) policy tweak sends a message to exit from easing finally.”

Market reaction

On the above comments, USD/JPY is challenging intraday highs near 142.80, up 0.33% 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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