Bank of Japan Deputy Governor Amamiya (leadership contender) to appear in parliament today

Bank of Japan Deputy Governor Masayoshi Amamiyawill appear before the Diet Friday, 10 February 2023 in the afternoon.

USD/JPY is being marked higher on this.

Amamiya is the current favourite to become Governor, based on leaks:

• ForexLive Asia-Pacific FX news wrap: USD/JPY wild ride on new BOJ Governor trial balloon

He is not a certainty, though. Hirohide Yamaguchi is also in contention to be next Governor.

• helped mould the asset purchases programme the BoJ BOJ The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with Read this Term started in 2010
• agreed to the joint BoJ/government statement to achieve the 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term target in 2013
• but has been critic of the current round of asset purchases as well as YCC, viewing them as unsustainable