Japanese Prime Minister Yoshihide Suga said on Wednesday, the Bank of Japan (BOJ) is expected to guide the monetary policy appropriately.
The BOJ Governor Haruhiko Kuroda has explained that the central bank’s exchange-traded purchases (ETF) are part of monetary easing and are not aimed at guiding stock prices, PM Suga added.
On Tuesday, the BOJ Governor Kuroda said that “we have no plan now to end ETF purchases or to permanently reduce purchases,” further clarifying that the upcoming review will look into ways to address side effects of ETF purchases.
Market reaction
The above comments had little to no impact on USD/JPY, as it consolidates the rally to five-month tops of 106.22.
The spot was last seen shedding 0.09% on the day, trading around 105.95.
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