Japan’s Suzuki reaffirms that specific monetary policy is up to BOJ to decide

Dhwani Mehta FXStreet

Japan Finance Minister Shunichi Suzuki is back on the wires now, having concluded a meeting with the Bank of Japan (BOJ) Governor Haruhiko Kuroda this Tuesday.

Key quotes

Reaffirms that specific monetary policy is up to BOJ to decide.

Reaffirms continuation of joint statement between government and BOJ.

Government and BOJ are keeping close contact with one another.

Wants BOJ to do utmost to ensure financial market stability.

No discussion on currencies in today's meeting.

In response to the meeting, the BOJ came out with a statement, citing that the two officials exchanged broad views on the economy, prices and the financial situation.

Market reaction

USD/JPY is testing lows near 113.60, falling sharply in tandem with the US Treasury yields as the risk sentiment remains tepid ahead of the key event risk.

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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