Bank of Japan (BoJ) Board Member Sakurai Speech

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). The Governor, Deputy Governors and Executive Directors are appointed by the Cabinet with the consent of the House of Representatives.

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

Makoto Sakurai is a Japanese economist. His degree is Master of Economics (The University of Tokyo, 1972). He is Representative of Sakurai Associate International Financial Research Cente. He is an economist, but not a professor. On April 1, 2016, he became a deliberation commissioner.

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 made by a native Japanese investor.