Japan’s Matsuno: Hope BoJ Governor Ueda, two Deputy Governors will work as one team

Anil Panchal FXStreet

Japanese Chief Cabinet Secretary Hirokazu Matsuno crossed wires during early Friday while conveying hopes from incoming officials for the Bank of Japan (BoJ), including Governor Kazuo Ueda and two Deputy Governors.

The policymaker also announced extension of sanctions against North Korea, including export ban, for two years.

Key comments

Hope BoJ Governor Ueda, two Deputy Governors will work as one team.

Expect BoJ to work closely with Government, guide appropriate monetary policy with eye on economic, price, financial trends.

USD/JPY bounces off intraday low

Following the news, USD/JPY picks up bids from intraday low to pare the weekly losses, down 0.05% on a day near 131.75 by the press time.

Also read: USD/JPY ignores yields to slip beneath 132.00 as Japan’s real wages drop at a slower pace, US NFP eyed

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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