BOJ governor Ueda says talked about economy, monetary policy with Takaichi

  • Remarks by BOJ governor, Kazuo Ueda, after his meeting with Japan prime minister, Sanae Takaichi
BOJ Ueda
  • Will decide monetary policy while scrutinising various data
  • Told prime minister that BOJ is adjusting degree of monetary support to stably achieve 2% inflation
  • Discussed on FX but won't comment on the details of that
  • It is desirable for FX to move stably reflecting fundamentals, watching impact of market moves on the economy

As you would expect, he's not giving much away but that's essentially a short meeting lasting just a half hour. I reckon there's not too much that needs to be said as Takaichi wants the BOJ to play ball and move in sync with her fiscal plans. So far, Ueda isn't giving much away in terms of saying that he will bend to her will in that sense.

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