BoJ’s Ueda: Don't think balance sheet composition is a normal one but BoJ must maintain it

Market news

25 May 2023

BoJ’s Ueda: Don't think balance sheet composition is a normal one but BoJ must maintain it

Bank of Japan (BoJ) Governor Kazuo Ueda is delivering some comments on the central bank’s balance sheet on Thursday.

Key quotes

Don't think BoJ current balance sheet, which consists of massive JGBs and ETFs, is a normal one for a central bank.

The BoJ must maintain current balance sheet composition until inflation stably, sustainably hits its 2% target.

Market reaction

On the above comments, USD/JPY is defending minor bids near 139.50, having retreated from six-month highs of 139.71 reached earlier in the Asian session.

Currencies. Daily history for Thursday, May 25, 2023

Commodities. Daily history for Wednesday, May 24, 2023

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