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BOJ member: FX rates are moving on the basis of various factors in the near term

31 Jan 2019 08:54 AM

Deputy member of BOJ said that FX rates are moving based on various factors in the near term. His most prominent comments were as follows:

  • We will not rule out any option for BOJ to take further stimulus measures.
  • There are many tools that the Bank may resort to if the situation so requires.
  • It can be used individually or in groups if necessary.
  • We will continue to allow bond yields to move flexibly.
  • The Bank of Japan's main objective remains to reach the price target as soon as possible.
  • If the Fed is able to support the US economy to grow at a strong pace, this will support japan economy
  • No change in the Bank of Japan's position of monetary policy change.
  • Movements have not changed so far. This decision is due to the Bank of Japan.
  • We will maintain strong monetary facilities.