As Captain Obvious would say in response, there is no "could' about it. How much are these guys paid for this drivel?

Anyway, comments from the big wigs at the IMF:

IMF Japan mission chief Salgado:

  • China slowdown can be a downside risk through trade

IMF Asia and Pacific department deputy director Brekk:

  • it's important to keep in mind boj's policy is focused on inflation target not exchange rates
  • exchange rates are outcome rather than target of Japan's monetary policy

Salgado:

  • Fed tightening cycle could widen interest rate differentials between US and Japan, which could put downward pressure on yen
  • if markets become volatile due to fed tightening cycle, that could have the other impact on yen due to its safe-haven status
captain obvious