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BOJ's Noguchi: Exchange rate should move stably reflecting fundamentals

BOJ's Noguchi: Exchange rate should move stably reflecting fundamentals
Yen decline last year was too rapidWeak yen hurts households via rising prices but benefit firms via increase in overseas profits, rise in inbound tourismMonetary policy does not directly target exchange rateDon't need to make operational tweaks to YCC for the time beingJust some token remarks there and nothing that we haven't heard of before. But this just adds to the tune of frustration for yen bulls, who had been holding hope for a change under Ueda's regime. This article was... Read More
Posted: Jun 22 2023, 05:38
Author Name: forexlive
Views: 081122

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