Commenting on the Bank of Japan’s (BoJ) policy outlook under the new Governorship this Monday, Japanese Cabinet Secretary Hirokazu Matsuno noted that “I expect the Bank of Japan will implement appropriate monetary policy in collaboration with the government.”

Further, when asked about China's military drills around Taiwan, Matsuno said that “we are keeping a close eye on the situation.”

The new BoJ Governor Kazuo Ueda is likely to hold his inaugural press conference on Monday at 10:15 GMT.