IMFs Japan Mission Chief: Weak yens impact on Japans economic growth is net positive

The IMFs Japan MIssion Chief says:

• Weak yen’s impact on Japan’s economic growth is net positive
• Bank of Japan will likely have room to raise interest rates further, though future tightening must be gradual and data-dependent
• When asked if recent yen moves justify foreign exchange intervention by Japanese authorities, IMF’s Japan mission chief says she firmly believes G7 nations, including Japan, are committed to flexible FX regimes

This article was written by Greg Michalowski at www.forexlive.com.