Japanese Industry Minister Yasutoshi Nishimura is expressing his take on the Bank of Japan’s (BoJ) monetary policy.
Key quotes
Monetary policy is up to the Bank of Japan (BoJ) to decide.
Monetary policy to ‘buy time’ will come to an end at some point.
Separately, Japanese Prime Minister (PM) Fumio Kishida said that he plans to explain Japan’s financial and economic policies in New York.
Meanwhile, Japan’s Chief Cabinet Secretary Hirokazu Matsuno said that he “will ensure steady and stable energy supply to Japan by taking appropriate actions.
Market reaction
USD/JPY is trading close to the intraday high near 147.80 on the above comments, adding 0.08% on the day.
Source: https://www.fxstreet.com/news/japans-nishimura-monetary-policy-to-buy-time-will-come-to-end-at-some-point-202309190152