Free Trial

MNI BRIEF: BOJ's Kuroda Repeats Easy Policy, Yen Stances

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda told lawmakers on Monday that easy policy needs to be maintained to boost the medium- to long-term inflation expectations and support economic activity, and tighten the labor market to cause wage hikes that would boost tolerance of higher prices.

Kuroda added that the BOJ is not targeting foreign exchange rates but continues to monitor the impact on economy and prices, repeating that rapid forex moves are undesirable. The yen traded at a high of 129.64 against the dollar on Monday, down from a level just over JPY131 this month, See: MNI INTERVIEW: Yen May Be Nearing End Of Depreciation-Hayakawa.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.