- Monetary policy doesn’t target FX rate
- Not trying to influence FX to gain competitiveness
- If it reflects fundamentals, FX moves won’t cause problems
- Oil price decline generally beneficial to economy
- Government advised to stick to mid-term fiscal plan
- Will continue QQE until stable 2% inflation
- If delay in fiscal consolidation then JGB’s might be affected
The comments come from an earlier story in the NHK. Adam highlighted the scale of the moves this year in JGB’s over the weekend.
