IMF says the weak yen helps the BOJ inflation target

Japan mission chief for the IMF Salgado:

• we believe yen's recent depreciation as reflecting fundamentals, such as expectations on future US_Japan monetary policies
• we see both positive, negative effects in yen depreciation on Japan's economy
• weak yen helps exporters and firms earning profits overseas, facilitates BOJ's achievement of 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term target
• negative side of weak yen is impact on importers, households
• inflation in the medium-term will remain well below BOJ's target once cost-push factors go away
• appropriate for the BOJ to maintain monetary easing until inflation is achieved in a stable and durable manner

Bank of Japan Governor Kuroda has said pretty the same on the weakening yen: