VOT Research Desk
According to Japanese Prime Minister Fumio Kishida, it is vital for the government and the (Bank of Japan) BoJ to work closely together and respond flexibly in order to ensure long-term, stable inflation.
Agreed with Governor Kuroda of the Bank of Japan to meet the price target while also attaining structural wage growth.
The government and the Bank of Japan will base their policy on their interpretation of the 2013 joint statement.
Following these statements, risk-off flows have accelerated the decline in USD/JPY. The USD/JPY is currently trading at 138.68, up 0.31% on the day.
