Japanese Prime Minister Fumio Kishida spoke in a TV interview on Tuesday, rsisting the urge to to jawbone USD/JPY lower.
He was asked in a television about the yen’s recent decline to around 150 against the US dollar and answered in very generic terms:
- “While it’s up to the Bank of Japan to decide on specific monetary policy means, the government and the central bank have always communicated closely in pursuing policies,”
- “We’ve agreed to each strive towards achieving economic growth accompanied by structural wage increases and stable inflation. It’s important for the government and the BOJ to continue working closely together,”
- government will take steps to pull Japan permanently out of deflation
- “I expect the BOJ to guide monetary policy appropriately based on this understanding”
Nothing at all on yen levels from him.
Perhaps look out for Kanda or Suzuki today. Or both.
Earlier from Japan:
USD/JPY is almost a flat line just under 150: