We decide monetary policy meeting by meeting on basis of information available

More comments flowing in from Bank of Japan (BoJ) Governor Kazuo Ueda, as he now speaks on the monetary policy and the exchange rate value.

It’s important for government and politicians to keep eye out on medium-term fiscal sustainability.

We decide monetary policy meeting by meeting on basis of information that becomes available up to the meeting.

There’s still a month to go till next policy meeting, there will be more information available by then.

We don’t make comments on short-term exchange rate moves.

We do seriously take into account exchange-rate movements in forming our economic and inflation outlook, including the question of what’s causing the exchange-rate changes that are taking place at the moment.

Market reaction

Ueda’s latest remarks on the monetary policy seem to put a fresh bid under the Japanese Yen as the USD/JPY pair resumes its downside below 155.00.

The pair is currently trading at 154.85, losing 0.38% on the day.