Matsuno’s remarks come after a big surge for USD/JPY following a hawkish hold from the FOMC on Wednesday.
- Important for FX to move stably reflecting the fundamentals
- Will respond appropriately to FX moves if necessary
- Won’t rule out any options for response to FX moves
-
Expect BOJ to closely communicate with govt, continue to take
appropriate monetary policy -
Share mutual understanding with international authorities that
excessive FX move undesirable