Japan's Chief Cabinet Secretary Matsuno: Expects BoJ to conduct appropriate monetary policy

Japan's Chief Cabinet Secretary Hirokazu Matsuno crossed the wires in the last hour, saying that he expects the Bank of Japan (BoJ) to conduct appropriate monetary policy to sustainably and stably hit its price target. He added that monetary policy falls under the jurisdiction of BoJ and did not comment on the government's view on its decision, or address the movement in the Japanese Yen (JPY).

The BoJ is expected to stick to its hawkish stance and leave the ultra-accommodative monetary policy setting at next week's meeting.