Japanese Prime Minister Fumio Kishida said on Thursday, he hopes the Bank of Japan (BOJ) continues to make efforts to achieve the 2% price goal based on the understanding laid out in the 2013 joint statement with the government.

Additional quotes

“Important for BOJ, govt to work closely together on economic policy. “

“Japan's economy can be revitalised when BOJ’s monetary policy, govt's fiscal and economic policy work hand in hand.”

Market reaction

USD/JPY is trading near-daily highs of 114.31, adding 0.165 on the day. Encouraging Omicron headlines are driving the risk-on mood, pushing the spot northwards.