Ex-BoJ’s Shirai: Don't expect Yen to weaken much further
Former Bank of Japan (BoJ) board member Sayuri Shirai said on Wednesday, “US interest rates are declining so don't expect the Yen to weaken much further.”
Further comments
“Excessive strength in dollar likely to be corrected.”
“Households and companies' inflation expectations are extremely high but market forecasts are below 2%, not much change in inflation trend.”
“BoJ's widening of JGB yield band is an extension of existing policy; aimed at sustainable policy and is a reasonable decision.”
“Given Japan's economic fundamentals, difficult to envisage a fundamental change in monetary policy.”
“If possible, boosting flexibility is the way forward for Japan's monetary policy.”
“Would be good to examine Japan's monetary policy over the last 10 years.”
“Would be good to explore whether there is a simpler, easier-to-understand method in conducting monetary policy.”
“Review of last 10 years can be conducted under new BoJ leadership, but difficult to envisage a major change in policy framework.”
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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.
