Bank of Japan Governor Ueda says BOJ JGB holdings will remain at current levels for now

Bank of Japan Governor Ueda

• BOJ JGB holdings will remain at current levels for the time being
• As seen in the rise in the overnight call rate, our decision this week was an interest rate hike

• We would like to eventually decrease our JGB buying but for time
  being, we will take a wait-and-see stance
• Our latest decision
  is based on understanding that we will leave it to markets to
  determine long-term rate moves
• BOJ’s massive
  stimulus deployed by former governor Kuroda helped arrest sharp yen
  rises at the time, created jobs and improved corporate profits
• Won’t comment on
  recent FX moves

more to come

This article was written by Eamonn Sheridan at www.forexlive.com.