• Keeping a close eye on market moves
  • Specific monetary policy steps up to the BOJ to decide
  • Important for government, BOJ to closely coordinate on policies

This builds from his earlier remarks here. For now, all of this is keeping USD/JPY from breaking out as the pair trades back to 151.60 on the day. The high earlier was 151.97 for a brief period, which was the highest since 1990.