Japan's Hayashi Expects BOJ to Maintain Price Target, Ensure Currency Stability

Japan's Chief Cabinet Secretary Hayashi expects the Bank of Japan (BOJ) to conduct appropriate monetary policy to sustainably and stably hit its price target, working closely with the government. Hayashi is closely watching currency movements and deems rapid FX moves undesirable. Emphasizing stability, Hayashi states that currency movements should reflect underlying fundamentals. Additionally, Japan's Economy Minister Shindo will attend Friday's BOJ policy meeting, while Finance Minister Suzuki mentions taking all necessary measures when needed and highlights that forex levels reflect the US-Japan interest rate differential. Shindo emphasizes the importance of close communication between the government and BOJ as Japan's macroeconomic policy enters a crucial phase exiting deflation.