Bank of Japan Governor Ueda:
- Can not sell long-term JGB holdings immediately
- Have been gradually tapering long-term JGB holdings
- BoJ reaped 33 trillion yen from ETF holdings in first fiscal half of 2024
- Will adjust degree of monetary easing if 2% target is likely to be achieved
- Our policy aim is to achieve stable prices, won't be disturbed by considerations of state finances
- Believe confidence in currency is maintained by appropriate monetary policy aimed at achieving stable prices
We're getting a lot out of Japan today:
- Japan finmin Kato: Will take appropriate action against excessive moves
- BoJ Uchida - will continue raising rates if achieving economic, price outlook rises likely
