BOJ and govt closely coordinating on foreign exchange, Kuroda says after meeting PM

20/6/2022 12:56:00 PM

BOJ and govt closely coordinating on foreign exchange, Kuroda says after meeting PM - Reuters

BOJ and govt closely coordinating on foreign exchange, Kuroda says after meeting PM - Reuters

TOKYO (June 20): Bank of Japan (BOJ) governor Haruhiko Kuroda said on Monday (June 20) the central bank hopes to respond appropriately on currency markets in close coordination with the government, issuing a fresh warning against recent sharp yen falls.'I told the prime minister that recent rapid yen moves were undesirable,' Kuroda told reporters after a meeting with Prime Minister Fumio Kishida at the prime minister's official residence.'[Kishida] did not say anything special but I told him that it was

A TOKYO (June 20): Bank of Japan (BOJ) governor Haruhiko Kuroda said on Monday (June 20) the central bank hopes to respond appropriately on currency markets in close coordination with the government, issuing a fresh warning against recent sharp yen falls.A (June 20): Tokyo’s bond market began the week on a much calmer footing as traders mulled unprecedented intervention by the Bank of Japan, which dragged benchmark yields back below their closely-watched ceiling.for the latest news you need to know.for the latest news you need to know.

"I told the prime minister that recent rapid yen moves were undesirable," Kuroda told reporters after a meeting with Prime Minister Fumio Kishida at the prime minister's official residence."[Kishida] did not say anything special but I told him that it was important for currencies to move stably reflecting economic fundamentals," Kuroda added.225% Monday in the aftermath of the BOJ’s 10.Rapid yen weakening as seen recently will bring uncertainty to corporate business planning, he said.The US dollar paused for breath following a volatile week that saw it retreat sharply from a two-decade high against major peers."I'll fully watch currency movements carefully from now on as well and will appropriately respond to them while liaising with the government.8 billion) of government bond purchases last week, the most on record, according to data compiled by Bloomberg." Kuroda said he exchanged views with the prime minister on the global economy and financial markets in the meeting, which was part of a routine gathering of the two sides.She told reporters this after launching a programme on ‘Enhancing Empowerment of Women at the Grassroots Level’ here today.

The BOJ maintained ultra-low interest rates last Friday and vowed to defend its cap on bond yields with unlimited buying, bucking a global wave of monetary tightening in a show of resolve to focus on supporting a tepid economic recovery.25% tolerated limit amid a global debt selloff.70, consolidating below the 105.Subscribe to Mid-day email alert We deliver news to your inbox daily.

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It took a record US$81 billion bond buy for BOJ to restore calm(June 20): Tokyo’s bond market began the week on a much calmer footing as traders mulled unprecedented intervention by the Bank of Japan, which dragged benchmark yields back below their closely-watched ceiling.Ten-year yields edged higher to 0.225% Monday in the aftermath of the BOJ’s 10.9 trillion yen ($80.8 billion) of government bond purchases last week, the most on record, according to data compiled by Bloomberg. The central bank ramped up bond buying as benchmark yields breached its 0.25% tolerated

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