Japanese Prime Minister Fumio Kishida said on Tuesday, the monetary policy should not be tweaked now.
Additional quotes
Monetary policy must be considered holistically as it affects not only FX, but also interest rates for small businesses.
Monetary policy has big impacts on economy through small firms' interest rates, housing mortgages.
Ruling party will continue to debate capital gain tax.
Will carry out current inflation countermeasures first, when asked about possibility of another extra budget.
Rapid yen weakening is a source of concern.
Specific monetary policy tools are up to BOJ to decide.
Market reaction
Kishida’s comments triggered a fresh yen selling vs. the US dollar, driving USD/JPY to 135.12.
