BOJ's Adachi: Monetary policy does not directly contribute to FX moves

I mean, really? Nothing contributes more to FX than monetary policy. It couldn't be more direct unless it was the BOJ itself buying and selling.

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• Inflation starting to rise but not convinced yet BOJ's target will be achieved in a stable, sustained manner
• Responding to short-term FX moves with monetary policy would heighten uncertainty and wouldn't be good for Japan's economy
• We must be cautious about shifting towards monetary tightening as downside risks to Japan's economy are increasing
• Japan's prices rising at a faster pace than I initially thought
• Japan is still half way in meeting BOJ's 2% inflation target
• There is a growing chance Japan's core-core 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, which strips away impact of volatile fresh food and fuel costs, may rise to 2% in Oct
• Japan's economy picking up despite impact of rising commodity prices

On the one hand, it's insane that Japan is still pinning yields. On the other, it makes for an interesting control group in the global inflation landscape.