- Japan’s Matsuno: Hope BoJ Governor Ueda, two Deputy Governors will work as one team
Market news
Japan’s Matsuno: Hope BoJ Governor Ueda, two Deputy Governors will work as one team
Japanese Chief Cabinet Secretary Hirokazu Matsuno crossed wires during early Friday while conveying hopes from incoming officials for the Bank of Japan (BoJ), including Governor Kazuo Ueda and two Deputy Governors.
The policymaker also announced extension of sanctions against North Korea, including export ban, for two years.
Key comments
Hope BoJ Governor Ueda, two Deputy Governors will work as one team.
Expect BoJ to work closely with Government, guide appropriate monetary policy with eye on economic, price, financial trends.
USD/JPY bounces off intraday low
Following the news, USD/JPY picks up bids from intraday low to pare the weekly losses, down 0.05% on a day near 131.75 by the press time.
Also read: USD/JPY ignores yields to slip beneath 132.00 as Japan’s real wages drop at a slower pace, US NFP eyed
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