Our immediate task is to closely monitor financial market developments with a high sense of urgency

Bank of Japan (BoJ) Vice Governor Ryozo Himno is on the news again, via Reuters, noting that “our immediate task is to closely monitor financial market developments with a high sense of urgency.”

Additional quotes

The BoJ’s monetary policy must take into account numerous factors.

Our job is to closely monitor market developments for now.

Not considering specific levels, range for neutral interest rates.

Financial conditions are accommodative at this time.

I think the main scenario remains that the US economy will make a soft landing.

You don’t have a specific timeframe in mind when asked how long the BoJ would need to monitor the market to assess that it has stabilised.

It will adjust the degree of monetary relaxation if the outlook for the economy, prices is likely to be reached.

The likelihood of realizing a savings, the price outlook would be affected by various factors, including market developments.

Market reaction

USD/JPY extends recovery gains as Kimino’s comments hit the wire again, currently adding 0.35% on the day to trade near 144.50.