Bank of Japan (BoJ) news

The Bank of Japan (BoJ) is the central bank of Japan. It conducts monetary policy to achieve price stability and financial system stability. The BoJ employs various tools, including quantitative easing and yield curve control, to influence economic activity and promote sustainable growth in Japan.

Yen edges lower after BoJ's Ueda testimony

The Japanese yen is slightly weaker on Friday. In the European session, USD/JPY is trading just above the 135 line. Ueda pledges to continue easy policy Incoming Bank of Japan Governor Kazuo Ueda appeared at a parliamentary hearing on Friday and the markets were all ears.

24-02-2023 05:05 GMT by Kenneth Fisher

Yen unfazed after incoming Governor Ueda reiterates that the BOJ's current policy is appropriate.

Central bank watchers knew it would be a surprise if BOJ governor nominee Kazuo Ueda gave any substantial hints about how he will consider policy normalization. Ueda reiterated that the BOJ’s current policy is appropriate. He noted that "Japan's trend inflation is likely to rise gradually.

23-02-2023 23:03 GMT by Edward Moya