Ex MoF Sakakibara, AKA Mr. Yen, interviewed on Bloomberg •$/yen at 100 not problem for Japan •$/yen at 90 would be a different matter •December Fed rate hike priced in by markets
BoJ will never be able to say that certain level of USD/JPY is a problem no matter how painful it is. It creates an market expectation to intervene at a certain level, but in Japan the central bank has no authority to intervene in currency. (it is up to the ministry of finance, BoJ only does the operations). At this point they don't even have enough credibility to pull off any bluffs either.