BoJ’s Ueda to PM Ishiba: We will adjust degree of monetary easing if outlook is realized

Bank of Japan (BoJ) Governor Kazuo Ueda told Prime Minister Shigeru Ishiba that “we will adjust degree of monetary easing if outlook is realized but will take careful steps to determine that since it takes time.”

Additional takeaways

Told PM Ishiba that Japan's economy is in extraordinarily easy environment.

Agreed with PM Ishiba close coordination between government (govt) and the BoJ.  

No discussion on govt-BoJ accord.

Market reaction