Japanese Prime Minister Fumio Kishida crossed the wires in the last hour and refrained from commenting on media reports that the Bank of Japan (BoJ) is set to allow 10-year Japanese government bond (JGB) yields to rise above 1%. The BoJ is scheduled to announce its policy decision this Tuesday and the announcement is expected to infuse some volatility across the JPY pairs.
Key Quotes:
Must continue to work with BoJ on economic policy.
Aware of media reports on BoJ policy meeting but will refrain from commenting.
Currencies have a big impact on measuring the size of the economy.
Source: https://www.fxstreet.com/news/japans-pm-kishida-will-refrain-from-commenting-on-media-report-on-boj-policy-meeting-202310310054