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BOJ's Nakamura: Monetary policy does not target FX
FX moves have big impact on pricesBOJ closely watching impact on yen moves on the economy, pricesWeak yen benefits exports, tourism but is negative for domestic-driven firms and householdsDecision on when to end negative rates depends on economic developmentsIf Japan achieves sustained economic recovery, we won't need YCCBut unfortunately, the deflationary mindset has not been eradicated yetSo now is not the time to get rid of YCCA little bit of this, a little bit of that there by Nakamura. But...
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Posted: Aug 31 2023, 05:54
Author Name: forexlive
Views: 112557