February 4, 2023

Central bank will resolutely keep monetary environment easy

Citing BoJ Governor Haruhiko Kuroda, a Japanese government official said on Wednesday that the Japanese central bank “will resolutely keep monetary environment easy.”

Kuroda added that “the BoJ aims to regain market functionality by tweaking yield curve control operations while maintaining easy monetary environment, the official noted.

In the last hour, the Japanese government downgraded the overall economic assessment for the first time in 11 months.

Market reaction

USD/JPY is testing daily lows just above 130.00, despite the dovish comments and discouraging economic outlook. The pair is down 0.07% on the day at 130.05, as of writing.

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