He hesitated last week
Kuroda comments to reporters in Frankfurt:
- Strong yen can have unwelcome effect on economy
- Closely watching how recent market moves affect Japan's policy and prices
- Current yen rises may have adverse impact on Japan's economy
Japan is on holiday from Tues-Thurs so it's a tough to for the BOJ to fight back. The US also put Japan, China, Germany and South Korea on a new list of countries that have questionable FX policies on the weekend, so the optics of intervening now could be ugly.
He's promised 3D easing , and will so be 3D printing.
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