BOJ’s Adachi: May respond if expectation of or actual Fed tapering triggers yen spike

 

The Bank of Japan (BOJ) board member Seiji Adachi is back on the wires now, via Reuters, noting that the Japanese central bank “may need to respond if the expectation of or actual Fed tapering triggers yen spike.”

Additional comments

BOJ’s decision not to buy ETFs in May was a right one and reflected outcome of March review.

Can’t think of any new tools to fire up inflation, BOJ must patiently sustain current policy.

BOJ must look at where inflation stands in case it begins to debate normalising policy after pandemic subsides.

 

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