BoJ’s Kuroda: Told PM will conduct monetary easing to achieve price target with wage growth

Market news

10 November 2022

BoJ’s Kuroda: Told PM will conduct monetary easing to achieve price target with wage growth

Bank of Japan (BoJ) Governor Haruhiko said on Thursday, he told Prime Minister Fumio Kishida that they will conduct monetary easing to achieve the price target in tandem with wage growth.

Additional quotes

Government, BoJ agreed to work closely to achieve economic growth with wage growth, inflation target.

Talked to PM Kishida about forex, said one-sided, sharp yen weakening is undesirable for economy.

PM Kishida made no specific comment on forex.

Market reaction

At the time of writing, USDJPY is consolidating its recovery at around 146.30, still down 0.10% on the day.

Currencies. Daily history for Thursday, November 10, 2022

Commodities. Daily history for Wednesday, November 9, 2022

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