Japan’s PM Kishida: BOJ must make efforts to achieve 2% inflation target stably and sustainably

Japanese Prime Minister Fumio Kishida said Thursday that he expects the Bank of Japan (BOJ) to make efforts to achieve the 2% inflation target stably and sustainably.

Kishida, however, said that specific monetary policy is up to the BOJ to decide.

On Wednesday, Japan's government called on the Bank of Japan (BOJ) to strive for achieving its 2% inflation target in a "sustainable and stable fashion,” Reuters reports, having seen a draft of its long-term policy outline.

Market reaction

USD/JPY is up 0.07% on the day, currently trading at 127.40, capitalizing on the renewed US dollar demand.