Out just now of reuters. BOJ gov speaking to lower house financial affairs committee

  • says that financial markets have been unstable since end-May due largely to overseas factors


No further explanation given

  • says it’s important to maintain trust in Japan’s finances to avoid giving the impression that the BOJ is monetizing debt
  • will continue to proceesd with QE with strong determination
  • the merit of monetary policy is flexibility. BOJ will make necessary adjustments if economic and/or financial conditions change
  • Action taken on April 4 does not mean it will not act for 2 years


USDJPY still 95.28