Next week the Bank of Japan will discuss the transition to unlimited purchases of Japanese government bonds in response to the deep economic downturn caused by the coronavirus.
The Central Bank of Japan is currently aiming to increase its government bonds by approximately 80 trillion yen ($742 billion) per year. The transition to unlimited purchases puts the Bank of Japan on a par with the US Federal Reserve in terms of growth in government debt.
This decision led to a sharp surge in #USDJPY #EURJPY. In the future, this factor will contribute to smoothing and normalizing the dynamics of the national currency of the country of the rising sun.