Tokyo, Japan – Kazushige Kamiyama, a senior official of the Bank of Japan (BoJ) and manager of its Osaka branch, reaffirmed on Thursday that the BoJ intends to maintain an accommodative monetary environment for as long as possible, according to Jiji News Agency.
Kamiyama emphasized the significance of the central bank's upcoming policy meeting, describing it as "very important."
This statement comes a day after Japan's Digital Minister Taro Kono suggested in a Bloomberg interview that the BoJ should consider raising rates to bolster the Japanese Yen, hinting at the possibility of a rate hike in July.
Market Reaction: Despite the dovish remarks from Kamiyama, the Japanese Yen showed little movement. The USD/JPY pair traded around 156.30, marking a modest 0.07% increase on the day.
Stay tuned for further updates on this developing story.
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