Following a joint meeting between the Japanese Cabinet Office and the Bank of Japan (BoJ) on Monday, the country’s Economy Minister Shigeyuki Goto said that the BoJ Governor Kazuo Ueda explained at the meeting how the central bank will keep the ultra-loose policy to sustainably and stably achieve price target.

Additional takeaways

“Among key points of meeting's discussion was for govt, BoJ to work closely together, share a common goal and strive toward achieving it.”

“Govt believes it's meaningful for BoJ to conduct a review of past monetary policy conduct.“

“BoJ must respond nimbly to any change, downside risks to the economy.”