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MNI STATE OF PLAY: BOJ Easy Policy To Shoulder Past Weaker Yen

(MNI) Tokyo
TOKYO (MNI)

Governor Haruhiko Kuroda is sticking to his guns on easing as the yen crosses JPY130.

The Bank of Japan made it clear on Thursday that achieving the 2% price target will not be hindered by a weaker yen, although the negative impact of a softer currency on the economy is a concern, MNI understands.

Despite the weaker yen, the BOJ decided to maintain its easy policy and leftits easing bias of monetary policy in the forward guidance unchanged as expected: see: MNI STATE OF PLAY: BOJ To Hold Despite Higher Prices Outlook.

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The Bank of Japan made it clear on Thursday that achieving the 2% price target will not be hindered by a weaker yen, although the negative impact of a softer currency on the economy is a concern, MNI understands.

Despite the weaker yen, the BOJ decided to maintain its easy policy and leftits easing bias of monetary policy in the forward guidance unchanged as expected: see: MNI STATE OF PLAY: BOJ To Hold Despite Higher Prices Outlook.

Keep reading...Show less