BOJ’s Ueda says did not discuss FX volatility in meeting with Kishida

  • Explained to Kishida the BOJ’s July policy decision
  • Kishida said that he understood the reasoning behind it
  • Says would prefer to refrain from mentioning what was discussed
  • But Kishida asked questions on various aspects of the economy, financial developments
  • Kuroda had met with PM on regular basis, this meeting today was similar

It is definitely a more interesting update/catch up especially after the policy tweak last month. But as mentioned before, most of what the BOJ does will already have to be aligned with the thinking in Tokyo so it’s not like Ueda pulled something out of the blue. I reckon they could have touched on yen intervention levels again as well, so that’s something to be wary about.

This article was written by Justin Low at Source