Tuesday , 26 November 2024
Home Forex Japan finance minister Kato says there are pros and cons to the weak yen
Forex

Japan finance minister Kato says there are pros and cons to the weak yen

Japan Finance Minister Kato:

  • Stated that a weak yen has both merits and demerits.
  • Said there is a need to monitor how excessive forex movements will affect corporate activities and households.
  • Emphasized that action must be taken if necessary, while monitoring the impacts of forex movements on economic and household activities.
  • Indicated that specific policy steps would be left to the Bank of Japan, when asked whether the policy rate should be maintained at 0.25%.
  • Expressed hope that the Bank of Japan will communicate thoroughly with markets and take appropriate policy measures to achieve the 2% inflation target in a stable and sustainable manner.

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Rhys Mendes, Deputy Governor, Bank of Canada, will speak on Tuesday

08:20 Bank of Canada Deputy Governor Rhys Mendes will speak at the...

Barclays notes BoJ’s December meeting now “live” after inflation data

Synopsis:Barclays acknowledges that the Bank of Japan's (BoJ) December meeting is now...

Shanghai Securities News says possibility of a RRR cut in December

Shanghai Securities News cites analysts for the opinion that the People's Bank...

PBOC sets USD/ CNY reference rate today at 7.1910 (vs. estimate at 7.2357): 26 November

The People's Bank of China set the onshore yuan (CNY) reference rate...