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Yen gains as some BoJ policymakers fret about QE costs

From reuters.com

The yen rose on Tuesday after Bank of Japan minutes showed the hurdle to further quantitative easing was high and as the dollar struggled to make much headway before a second reading of U.S. growth data. Minutes of the last BOJ meeting showed board members expressing concern that expanding the central bank's quantitative easing could increase the risk that it will be seen as financing the government deficit. Separately in a speech, Governor Haruhiko Kuroda said that while recent yen falls are positive for exporters, it hurts households as well as small firms and non-manufacturers through increases in import costs. ... (full story)

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