BOJ gov Kuroda speaking in parliament 15 Feb
- policy aimed at 2% target, not FX or other things
- FX level is affected by various factors, not only interest rate difference
- rate differential affects FX sometimes, not other times
If they want to raise some money why not impose a Speech Tax with additional penalties for repetition ? That would fill the coffers up nicely.
Eamonn had earlier claptrap here
Meanwhile USDJPY still clinging to 114.50
Yep, we know how you feel Mr K.