Japanese Prime Minister Fumio Kishida said on Thursday, he is “not seeking imminent change in monetary policy.”

Kyodo News Agency reported that PM Kishida will likely meet with incoming Bank of Japan (BoJ) Governor Kazuo Ueda on April 10, adding that the “incoming BoJ Governor Ueda is likely to confirm the intention to maintain current monetary easing for a while.”

Market reaction

At the time of writing, USD/JPY is holding steady at 131.35, unfazed by the above comments.