Japanese Prime Minister Fumio Kishida said on Thursday that he expects the Bank of Japan (BoJ) to maintain its efforts to realize the 2% inflation target, as reported by Reuters.

"Specific monetary policies including policy target, exit strategies are up to the BoJ to decide," Kishida added and noted that they must work hard on wage hikes amid rising prices.

Market reaction

The USD/JPY pair paid little to no attention to these comments and was last seen trading at 114.45, where it was up 0.1% on a daily basis.