© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
HONG KONG

Markets Closed On Friday

MNI EXCLUSIVE

Search Begins For The Next BOJ Governor

RBA

VIEW: ANZ: RBA To Go 50bp

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

MNI BRIEF: BOJ's Kuroda Repeats Easy Policy, Yen Stances

(MNI) Tokyo
TOKYO (MNI)
PolicyAPACBank of Japan (BOJ) Market NewsJapanBank of JapanBriefStoryRegionCentral Bank

Bank of Japan Governor Haruhiko Kuroda told lawmakers on Monday that easy policy needs to be maintained to boost the medium- to long-term inflation expectations and support economic activity, and tighten the labor market to cause wage hikes that would boost tolerance of higher prices.

Kuroda added that the BOJ is not targeting foreign exchange rates but continues to monitor the impact on economy and prices, repeating that rapid forex moves are undesirable. The yen traded at a high of 129.64 against the dollar on Monday, down from a level just over JPY131 this month, See: MNI INTERVIEW: Yen May Be Nearing End Of Depreciation-Hayakawa.

104 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Bank of Japan Governor Haruhiko Kuroda told lawmakers on Monday that easy policy needs to be maintained to boost the medium- to long-term inflation expectations and support economic activity, and tighten the labor market to cause wage hikes that would boost tolerance of higher prices.

Kuroda added that the BOJ is not targeting foreign exchange rates but continues to monitor the impact on economy and prices, repeating that rapid forex moves are undesirable. The yen traded at a high of 129.64 against the dollar on Monday, down from a level just over JPY131 this month, See: MNI INTERVIEW: Yen May Be Nearing End Of Depreciation-Hayakawa.