Bank of Japan (BoJ) Board Member Adachi Speech

The BOJ operates independently of the government. The Bank of Japan has one Governor, two Deputy Governors, the Members of the Policy Board (six), the Auditors (three or fewer), the Executive Directors (six or fewer), and the Counselors (a few).

BoJ Board Member Speech may affect JPY rate depending on its rhetoric. If some hints at tightening of the monetary policy by the Bank of Japan are detected in the speech, it may affect JPY positively.

Seiji Adachi is a Japanese economist and is member of the Bank of Japan since 2020. He was appointed by Japanese Prime Minister.

Important people tend to avoid making explicit statements as they avoid having a significant impact on the market. The announcement is in Japanese, so the decision on the comment can be made faster by native Japanese investors. There is not much influence of the dignitaries of Japan banks other than the governor.