Bank of Japan (BoJ) Deputy Governor Nakaso 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 Deputy Governor Speech is the second most important public statement made by Japanese regulator and affecting JPY rate. If some hints at tightening of the monetary policy by the Bank of Japan are detected in the Deputy Governor speech, it may affect JPY positively. His public engagements are often used to drop subtle clues regarding future monetary policy.

Hiroshi Nakaso is a Japanese economic bureaucrat. He served as Vice President of the Bank of Japan from 2013 to 2018. He supports the BOJ's policy change allowing for a long-term rise in interest rates.

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.