Comment on the yen from Wakatabe
- Must be careful of exchange rate impact on on inflation
- Pace of recovery may be quite slow
- Changing mid-point target of YCC is 'on the table' if BOJ sees need to ease more
USD/JPY is down 15 pips to 105.30 today.
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BOJ's Wakatabe: We don't target the exchange rate but are following FX very closely
BOJ's Wakatabe: We don't target the exchange rate but are following FX very closely
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