BOJ’s Tamura calls for review of monetary framework – Asahi
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Early Friday morning in Asia, Japanese media Asahi quotes Bank of Japan Board Member Naoki Tamura as saying, “The Bank of Japan should conduct a review of its monetary policy framework and the feasibility of its 2% inflation target.”
The policymaker also added, “Whether the BOJ needs to tweak its (ultra-easy) monetary policy will depend on the outcome of the review.”
Chatters surrounding the Bank of Japan’s (BOJ) monetary policy tightening allowed the USD/JPY to refresh the multi-month low the previous and are exerting downside pressure on the Yen pair of late.
Also read: USD/JPY Price Analysis: Plunges 200-pips after sellers stepped in eyeing the 200-DMA around 135.00
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