BOJ deputy governor Masayoshi Amamiya on the wires
- Fed policy that keeps US economy strong is good for Japan's economy too
- FX rates move on various factors in the short-term
- No change to BOJ's stance of guiding monetary policy
- Underlying price trend is important
- BOJ will only adjust policy as needed
- Yield moves so far haven't changed BOJ's judgement
- Will maintain powerful monetary easing
It's very much the case that they don't want the yen to strengthen too much against the dollar. And if the US suffers from an economic slowdown as well, it'll only feed into the narrative of a stronger currency for Japan; something which local authorities would not like to see.
Amamiya also made some comments earlier in the day here.
