Stronger yen, not inflation, will trigger BOJ easing - sources

Stronger yen, not inflation, will trigger BOJ easing - sources
 

The Bank of Japan would deepen negative interest rates to thwart any sharp spikes in the yen, which the central bank sees as an obstacle to stoking inflation and economic growth, sources familiar with its thinking say.
While achieving its inflation target remains the BOJ’s top policy priority, the Bank’s dwindling tool-kit means an abrupt yen rise – rather than sluggish inflation – would be the more imminent trigger for further monetary easing, the sources say.
"If the excessive yen rises hurt the economy, the BOJ won't hesitate to ease," said one of the sources. "What's... read more

 
4 October 2016 in Business, Views: 25
Source: Reuters
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