Japan’s Katayama says expect BoJ to conduct appropriate monetary policy to achieve 2% price target
Japanese Finance Minister (FM) Satsuki Katayama said on Thursday that official will review budget requests, control debt issuance at a level that can gain market credibility. Katayama also expect the Bank of Japan (BoJ) to steer policy properly to achieve stable, sustainable 2% inflation.
Key quotes
Will review budget requests, control debt issuance at a level that can gain market credibility.
We have stated our determination to address excessive volatility when we launched Japan-US joint intervention.
No comment on BoJ policy.
Expect BoJ to closely coordinate with government and conduct appropriate monetary policy to achieve 2% price target.
Expect BoJ to steer policy properly to achieve stable, sustainable 2% inflation.
Market reaction
At the time of writing, the USD/JPY pair is down 0.10% on the day at 156.10.
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