Japan’s Katayama says BoJ's latest rate hike was done to achieve inflation target
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the latest rate hike from the Bank of Japan (BoJ) was done to achieve the inflation target. Katayama added that she expects the central bank to conduct appropriate monetary policy while coordinating with the government.
Key quotes
Specific monetary policy tools are up to BoJ to decide.
BoJ's latest rate hike was done to achieve inflation target.
Expect BOJ to conduct appropriate monetary policy while coordinating with the government.
Won't comment on specific FX levels, rate checks.
Trump expressed concerns about weak yen during summit.
Will closely coordinate with us on forex.
PM Takaichi expressed concern over yen weakness in general.
Market reaction
At the time of writing, the USD/JPY pair is down 0.24% on the day at 158.48.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Metalpha withdrew 11,179 ETH worth $30.12 million from a certain exchange.
Tether's Offshore Bank Just Froze its Funds: Is There a Risk for USDT?
WTI drops to near $92.50 on potential US-Iran deal
Crypto prices
More
