Kuroda and Kishida are preparing to live with yen weakness
observingjapan.substack.com
Bank of Japan Governor Kuroda Haruhiko remains unwilling to adjust the BOJ’s monetary easing program even as the Federal Reserve has launched a tightening cycle that has roiled global markets. At its policy board meeting this week, the BOJ decided by an overwhelming margin to keep its main policies – its interest-rate targeting Yield Curve Control program and its purchases of financial assets – in place despite concerns about the impact of a weakening yen due to the widening interest-rate differentials between Japan and other major economies. (See the BOJ’s announcements in
Kuroda and Kishida are preparing to live with yen weakness
Kuroda and Kishida are preparing to live with…
Kuroda and Kishida are preparing to live with yen weakness
Bank of Japan Governor Kuroda Haruhiko remains unwilling to adjust the BOJ’s monetary easing program even as the Federal Reserve has launched a tightening cycle that has roiled global markets. At its policy board meeting this week, the BOJ decided by an overwhelming margin to keep its main policies – its interest-rate targeting Yield Curve Control program and its purchases of financial assets – in place despite concerns about the impact of a weakening yen due to the widening interest-rate differentials between Japan and other major economies. (See the BOJ’s announcements in