Japan’s Kihara says that specifics of monetary policy to be left to BoJ
The post Japan’s Kihara says that specifics of monetary policy to be left to BoJ appeared on BitcoinEthereumNews.com. Japan’s Chief Cabinet Secretary Minoru Kihara said during the European trading session on Friday that the specifics of monetary policy to be left to the Bank of Japan (BoJ). These remarks from Japan’s Kihara appear to a message to global financial markets that the administration won’t interfere in central bank’s monetary policy operations. Market reaction No immediate reaction is seen in the Japanese Yen (JPY) following remarks from Japan’s Kihara. At press time, USD/JPY trades 0.43% lower to near 161.70 due to JPY’s outperformance. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of