Speaking today, Japanese Finance Minister min Suzuki said:-
- The daily stock market movements determined by the markets with various factors behind them.
- I will not comment on forex levels.
- It is important that currencies move in a stable way that reflects the fundamentals.
- Closely monitor the movements of foreign currencies.
- The determination of monetary policy is up to the Bank of Japan to decide.
- Monetary policy is up to the Bank of Japan to decide, and the government will not comment.
- We expect that the Bank of Japan will remain in close contact with the government to appropriately guide monetary policy.
Also today, Bank of Japan Governor Kazuo Ueda spoke in Parliament and said:-
- There is a high probability that accommodative conditions will remain even if negative rates are abandoned.
- We will pay attention to the health of the BOJ balance sheet if the exit from the stimulus policy is approaching.
