BOJ board member Masai out on the wires 31 Aug

  • many central banks aiming for same level of inflation would be beneficial for FX, market stability
  • important for BOJ to aim for 2% inflation as this is the global standard among central banks

One cap does not necessarily fit all though eh?

  • interest rate differential in only one factor that affects fx moves.

Wow, top insight.

Meanwhile USDJPY 110.50 going nowhere in a hurry.

Masai - 2% target is the standard