Japan business lobby head: Premature for BOJ to debate policy tweak – Reuters

Dhwani Mehta FXStreet

Japanese business lobby Keidanren's head Masakazu Tokura said on Monday, it’s too early for the Bank of Japan (BOJ) to debate altering monetary policy settings, especially in the face of the sharp depreciation in the yen, Reuters reports.

Key quotes

"Sharp currency moves are undesirable.”

“While a weak yen used to be good for Japan's economy, it was "not that simple" nowadays.”

USD/JPY recovers from daily lows at 126.30 as DXY strengthens on downbeat market tone

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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