BOJ’s Kuroda: Appropriate to continue monetary easing

“It is appropriate to continue monetary easing,” said Bank of Japan Governor (BOJ) Haruhiko Kuroda said on Friday, as reported by Reuters.

The policymaker also mentioned that he expects Consumer Price Index (CPI) to fall short of 2% in fiscal 2023.

Together with BOJ’s Kuroda, Japan Prime Minister (PM) Fumio Kishida also spoke while highlighting the BOJ’s role as he said, “Specific monetary policy up to BOJ to decide.”

Japan PM Kishida also mentioned, per Reuters, that he expects BOJ to strive to achieve price target stably and sustainably.

USD/JPY snaps eight-day uptrend

USD/JPY prints mild losses around 148.50 as it pares the recent gains at the highest levels in 32 years.

Also read: Japanese intervention underway, USD/JPY is pressured towards key support

Additional comments from Japan’s Kishida

Will consider successor to BOJ Governor Kuroda, taking into account monetary policy foreseeability, coordination with government.

Must decide most appropriate person to succeed to Kuroda as of April next year.

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