BOJ’s Kuroda: Cost of buying USD to purchase commodities is one of main factors behind yen weakening BOJ CentralBanks USDJPY Bonds
Discussed economy, financial markets in Japan and overseas with PM Kishida.Discussed with pm post-covid global economy, Russia and situation in Ukraine.PM Kishida made no specific request on monetary policy.Don't think monetary adjustment would have a direct impact on currencies.Don't think BOJ’s market operation is directly affecting fx moves.Rising US interest rates is also a factor behind yen weaking.
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