At a policy-setting meeting on Jan. 30-31, the BOJ board members noted “uncertainties” over the global and Japanese economic outlook, including “the policy stance of the new US administration and how the negotiation of Brexit will play out,” according to a summary of opinions expressed at the meeting.

Trump’s recent comment alleging that Japan guided the yen lower has sparked concern among market players that the BOJ may face difficulty in its monetary policy steering.

“Concerns of the markets over the Bank’s controllability of the yield curve tend to be growing.” (Jiji Press)