As part of its ultra easy monetary policy the Bank of Japan bought ETFs.
- Japan’s finance minister Suzuki says how these are handled, including sales, is up to the BOJ to decide.
- says its difficult to determine sole factor behind current weak yen
- usually, the Bank of Japan’s tweak to massive monetary policy would lead to strong yen by narrowing interest rate gaps
- its true that real interest rates remain in negative territory
- monetary easing is up to the Bank of Japan to decide
This article was written by Eamonn Sheridan at www.forexlive.com. Source