Kazushige Kamiyama, a senior official at the Bank of Japan (BoJ) and the central bank’s Osaka branch manager, reaffirmed the BoJ’s commitment to maintaining an accommodative monetary environment, according to Jiji News Agency. Kamiyama emphasized the importance of the central bank’s next policy meeting, labeling it as a “very important” event.
This stance comes in contrast to remarks made on Wednesday by Japan’s Digital Minister Taro Kono, who suggested in a Bloomberg interview that the BoJ should consider raising interest rates to support the Japanese Yen. Kono’s comments have sparked fresh speculation about the possibility of a rate hike in July.
Market Reaction
Despite Kamiyama’s dovish remarks, the market reaction has been muted. As of the latest data, the Japanese Yen remains largely unaffected, with the USD/JPY pair fluctuating around 156.30, showing a modest increase of 0.07% for the day.
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