Japan’s Hayashi: Expects the BoJ to stably hit its inflation target

Japan Chief Cabinet Secretary Hayashi said on Friday that he expected the Bank of Japan (BoJ) to stably hit its inflation target.

Key quotes

“Monetary policy falls under the jurisdiction of the BoJ.”

"Expect the BoJ to conduct appropriate monetary policy to sustainably, stably hit its price target, working closely with the government.”

“Specific tools of monetary policy, interpretation on economic indicators up to the BoJ.”

Market reaction

At the time of writing, USD/JPY is trading 0.09% higher on the day at 148.46.