Japanese Prime Minister Fumio Kishida said on Thursday that the “FX intervention is not a contradiction of policy of shifting money away from savings towards investment.”
BOJ holds ETFs, JGBs as part of monetary policy
It is up to the BOJ to decide whether to sell its ETF holdings
At the time of writing, USD/JPY is prodding one-year highs at 150.49, up 0.16% on the day, with risks of an FX intervention growing.