BOJ Kuroda on the yen: Recent sharp, one-sided yen declines are absolutely undesirable

Bank of Japan Governor Kuroda still speaking (he is in Japan's parliament answering questions today).

• I am not saying BOJ cannot raise interest rates indefinitely, instead saying that raising rates now would be inappropriate in light of current economic, price conditions
• See no need to revise now govt, BOJ statement stipulating policy mandates
• From perspective of hitting our price target, important for nominal wages to rise steadily
• BOJ could normalise monetary policy if achievement of price target is in sight, which could push up the cost of financing govt debt
• Govt steps to boost Japan's potential growth will help maximise effect of monetary easing
• Important for wage hikes to spread to permanent employees working at small, mid-sized firms
• Very important for forex rate to move stably reflecting fundamentals
• Our macro-model estimates show weak yen has positive impact on net exports, GDP but the benefits are uneven among sectors, entities
• Recent sharp, one-sided yen declines are absolutely undesirable

Earlier from K following the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data:

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