The Governor of Bank of Japan (Boxwood), Haruhiko Kuroda, has explained on Friday at the G7 that the BoJ will continue with a strong monetary easing, reported Reuters. Kuroda explained that he doesn’t see inflationary pressures rising in Japan any higher than projected in the April quarterly report. There has been no change in the BoJ’s view of maintaining the current policy of negative interest rates and yield curve control.
Japan’s Finance Minister, Shunichi Suzuki, reaffirmed its commitment to currency markets, including the position that highly volatile and disorderly currency movements are undesirable. Suzuki has previously said that Japan will respond appropriately to moves in the foreign exchange market based on the G7 agreements.
Source: Fx Street
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