Ryozo Himino: Singleness of money and the role of central banks

Speech by Deputy Governor HIMINO at the Japan Society of Monetary Economics (Singleness of Money and the Role of Central Banks)

Remarks by Executive Director KAMIYAMA at the AIMA Japan Annual Forum 2026 on May 14 (Promoting the Evolution and Stability of Japan's Financial System)

The desk believes that the Bank of Japan's recent remarks on financial system stability signal a cautious but positive outlook for the JPY. Per the full note [source], Executive Director Kamiyama emphasized the importance of evolving Japan's financial framework, which could support a more resilient currency. This perspective aligns with upcoming economic data releases, particularly the GDP growth rate and balance of trade figures, which may further influence market sentiment. As traders prepare for these key indicators, the consensus target for USD/JPY remains at 1.075, reflecting a range of expectations among major firms.

Opening Remarks by Governor UEDA at the 2026 BOJ-IMES Conference

Junko Koeda: Economic activity, prices, and monetary policy in Japan