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BOJ’s Kuroda is paying attention to differing monetary policies
Details from his tv appearance Currency level moves due to various factors Desirable that currency reflects economic fundamentals Doesn’t see current yen weakness as a minus for economy Yen level is reflecting fundamentals That’s rocked USD/JPY back above 107.00 Q2 economy contracted due to tax hike impact but what is important is Q3 rebound and how economy performs after True we saw some weak economic data but expect Jul-Sep GDP to turn positive Big rise in Q1 GDP the biggest factor in Q2 fall Employment and income situation is improving Hard to address doubt about fiscal situation it is arises Will adjust ... (full story)
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