Bank of Japan Governor Ueda
- BOJ JGB holdings will remain at current levels for the time being
- As seen in the rise in the overnight call rate, our decision this week was an interest rate hike
- We would like to eventually decrease our JGB buying but for time being, we will take a wait-and-see stance
- Our latest decision is based on understanding that we will leave it to markets to determine long-term rate moves
- BOJ’s massive stimulus deployed by former governor Kuroda helped arrest sharp yen rises at the time, created jobs and improved corporate profits
- Won't comment on recent FX moves
more to come
