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BOJ's Kuroda repeats he won't hesitate on action to hit 2% inflation target

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.

Kuroda spoke to reporters at the G20, just a few days ahead of the July 29 Bank of Japan decision.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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