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MNI BRIEF: BOJ Opinions Back Easing Guidance Despite Weak Yen

(MNI) Tokyo
MNI (Tokyo)

At least two Bank of Japan board members said the Bank needed to maintain an easing bias in its forward guidance for policy rates despite a weak yen at the September 21-22 meeting, the summary of opinions released on Monday showed.

“Although other risks, such as a slowdown in overseas economies, certainly affect policy decisions, COVID-19 has remained a significant risk, and thus there is no need to change the current wording of forward guidance,” one member said.

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At least two Bank of Japan board members said the Bank needed to maintain an easing bias in its forward guidance for policy rates despite a weak yen at the September 21-22 meeting, the summary of opinions released on Monday showed.

“Although other risks, such as a slowdown in overseas economies, certainly affect policy decisions, COVID-19 has remained a significant risk, and thus there is no need to change the current wording of forward guidance,” one member said.

Keep reading...Show less