[CALENDAR UPDATE] BoJ Governor Ueda will be scheduled to appear in Parliament from 1 p.m. local time today (05:00BST/00:00EDT)

Parliamentary appearances by the BoJ Governor are a recurring fixture rather than a scheduled policy event, and the historical pattern is that they rarely deliver new information: prepared remarks typically restate the most recent policy statement and press conference language, with the interest confined to responses under questioning. The episodes that have moved the yen and JGBs are those where questioning draws out commentary on the timing of further normalisation, the exchange rate, or the bank's tolerance for yield moves, since those are the channels through which guidance has shifted between meetings. The relevant comparison set is prior testimony of this kind, where market impact has been front-loaded in USD/JPY and the front end of the JGB curve and has tended to fade unless the phrasing departs from established language. Worth noting is whether the appearance coincides with heightened government sensitivity to yen levels or to the pace of rate increases, since political questioning has on past occasions elicited more candid framing than the Governor offers elsewhere. Absent a deviation in wording, the precedent is for a non-event; any signal will be in nuance on timing rather than in headline policy content.