A senior Bank of Japan (BoJ) official recently commented on the ongoing market volatility, attributing some of the sharp market movements, particularly in U.S. stocks and long-term interest rates, to U.S. President Donald Trump’s tariff policies.
Key points from the official’s remarks:
U.S. tariffs have been a contributing factor to the volatility in global markets, especially affecting U.S. stocks and long-term interest rates.
Unlike during the global financial crisis, there has not been a significant shrinkage of liquidity in the markets.
The BoJ will continue to closely monitor market developments and assess their potential impact on both Japan’s economy and global markets.
Market Reaction: The Japanese Yen (JPY) continues to show a negative bias, with a modest uptick in the U.S. Dollar (USD). This has kept the USD/JPY pair well-supported just below the mid-143.00 level.
Related Topics:
- What Does BOJ Mean in Forex?
- What is the Largest Bank in Japan?
- What Time Is the BoJ Interest Rate Decision?
