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19.02.2019, 06:58

Bank of Japan Governor Kuroda: BOJ policy does not have currency manipulation as its target

  • Fed has been giving slightly more cautious comments

  • expect that's a reflection of US prices, China slow down

  • must carefully watch impact of Fed policy on markets, global economy

  • will mull easing policy further if FX moves hurt economy, prices and threaten achievement of price goal

  • various steps available if BOJ needs to ease more but must balance benefits, costs of steps

  • if BOJ were to ease further, it must take into account impact of such move on market function, financial intermediation

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