Bank of Japan (BoJ) Deputy Governor Masayoshi Amamiya reiterated on Tuesday that the BoJ will not hesitate to take additional policy easing steps if needed, as reported by Reuters.
"The BoJ will extend the September deadline for the pandemic-relief programme if judged necessary," Amamiya added. "Japan's economy is headed for a recovery but the pandemic curbs are likely to keep households cautious of spending."
Market reaction
The USD/JPY pair showed no immediate reaction to these comments and was last seen gaining 0.15% on the day at 109.40.