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BOJ's Adachi says if excessive yen falls impact inflation, policy response becomes option
Bank of Japan board member Seiji Adachi: • Changing monetary policy frequently to stablise FX moves would lead to big changes in rate moves. • If interest rate moves are too big, that would cause disruptions in household and corporate investment. • Responding to short-term fx moves with monetary policy would affect price stability. • If excessive yen falls are prolonged and expected to affect achievement of our price target, responding with monetary policy becomes an option. • It is possible to consider responding with monetary policy if fx moves cause big changes in inflation expectations. • Japan's ... (full story)
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