BOJ’s Ueda says no comment on FX levels

  • No comment on exchange rate
  • There are both positive and negative impacts from a weak yen
  • Important for currency to move stably reflecting economic fundamentals

He refuses to comment but then makes a scathing remark that there are pros and cons to a weaker Japanese yen. That pretty much tells you what they are guarding against. Even if it is not explicit, we all already know that so I’m not going to poke him too much on this.

This article was written by Justin Low at Source