Japan chief Cabinet secretary says monetary policy falls under jurisdiction of BOJ

  • Remarks by Japan chief Cabinet secretary, Minoru Kihara
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  • Exoects BOJ to conduct appropriate monetary policy to sustainably, stably hit inflation target
  • Government expects BOJ to continue with appropriate monetary policy operations
  • Inflation focus should be driven by wage hikes rather than cost-push inflation

A bit of a push back from the government here after Kuroda's remarks from earlier today. USD/JPY is keeping at the lows though, hovering around 155.40 - down 0.5% currently.

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