EX BOJ’s Iwata: Japan should have a flexible inflation target…

…Which could include measures of prices and employment.

  • Jobless rate needs to fall to 3.5% for wages to go up
  • Sees Fed ending QE program earlier than expected, US economy is recovering
  • Would be better if yen weakens to around 95 to the dollar

(Still no one taking the bait….?)

USD/JPY’s around 88.94

Best in 2026

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