Citing a draft of this year's long-term roadmap signed by the Japanese Government, Reuters reported on Tuesday the authorities will warn that 'vigilance is required to the impact a weak Yen could have on households' purchasing power through rising import prices.
Citing a draft of this year's long-term roadmap signed by the Japan ese Government, Reuters reported on Tuesday the authorities will warn that vigilance is required to the impact a weak Yen could have on households' purchasing power through rising import prices. Additional takeaways Japan 's economy continues to recover moderately, though some sectors, notably consumption, are stalling.” At present, the pace of wage rises hasn't caught up with that of inflation.
The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers.
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