Japan’s Nishimura: Monetary policy to 'buy time' will come to end at some point

Dhwani Mehta FXStreet

Japanese Industry Minister Yasutoshi Nishimura is expressing his take on the Bank of Japan’s (BoJ) monetary policy.

Key quotes

Monetary policy is up to the Bank of Japan (BoJ) to decide.

Monetary policy to 'buy time' will come to an end at some point.

Separately, Japanese Prime Minister (PM) Fumio Kishida said that he plans to explain Japan's financial and economic policies in New York.

Meanwhile, Japan’s Chief Cabinet Secretary Hirokazu Matsuno said that he “will ensure steady and stable energy supply to Japan by taking appropriate actions.

Market reaction

USD/JPY is trading close to the intraday high near 147.80 on the above comments, adding 0.08% 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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