Japan’s Kato: Up to Bank of Japan (BoJ) to decide on monetary policy

Japan’s Finance Minister Katsunobu Kato reiterated on Friday that it’s “up to the Bank of Japan (BoJ) to decide on monetary policy..”

He further noted that he “expects the BoJ to conduct monetary policy appropriately to achieve the 2% inflation target.”

Market reaction

USD/JPY is maintaining the bounce to trade near 155.30 following these above comments, flat on the day.