BOJ's Wakatabe: We don't target the exchange rate but are following FX very closely

Author: Adam Button | Category: Central Banks

Comment on the yen from Wakatabe

  • Must be careful of exchange rate impact on on inflation
  • Pace of recovery may be quite slow
  • Changing mid-point target of YCC is 'on the table' if BOJ sees need to ease more
USD/JPY is down 15 pips to 105.30 today.
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