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Weak Yen Impact on Japan’s Inflation Limited, Price Expert Says
The recent sharp weakening of the yen has only had a limited impact on Japan’s key price gauge, according to a researcher of currencies and prices. Since the yen began its precipitous fall against the dollar in March, it has only pushed up core inflation by about 0.4 percentage point, according to Yuri Sasaki, an economics professor at Meiji Gakuin University in Tokyo. The conclusions of her research back up the Bank of Japan’s stance that currency moves don’t sway inflation that much and shouldn’t influence the direction of central bank policy. So far Governor Haruhiko Kuroda has maintained his stance that ... (full story)