More from Bank of Japan Governor Kuroda:
- The state of the global economy is improving
- Inflation is proceeding towards 2% goal
- Some adjustments are need to price outlook
Bloomberg reporting more remarks from Mr. K
Earlier here
More:
- Buying, selling FX is under the jurisdiction of the Finance Ministry
If you are new to trading forex the few seconds you've just taken to read this uninteresting post on Kuroda's comments you'll never get back.
But, if you are new, here is something. That last comment refers to the Bank of Japan intervening in the currency market (i.e. to buy or sell currency if they want to influence it to move in one direction or the other. At the moment with the yen strengthening they would like it to weaken little ... they haven't done anything but talk about though).
It's the Bank of Japan that will intervene in the market, but they'll do so at the direction of the Ministry of Finance. In many other major FX countries the central bank will make its own decision on when to buy or sell, but in Japan the decision comes from the ministry (the actual micro decision, at what rate/point/time to buy or sell will be left to the BOJ though).
