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More IMF on Japan, Fed tightening against BOJ not

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More IMF on Japan, Fed tightening against BOJ not

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As Captain Obvious would say in response, there’s no “could” about it. How much are these guys paid for this drivel?

Anyway, comments from IMF bigwigs:

IMF Mission Chief in Japan Salgado:

  • China’s slowdown may be a downside risk through trade

Brekk, Deputy Director of the IMF’s Asia and Pacific Department:

  • it is important to keep in mind that boj’s policy is focused on the inflation target and not on exchange rates

  • exchange rates are the result rather than the objective of Japan’s monetary policy

Salgado:

  • The Fed’s tightening cycle could widen interest rate differentials between the U.S. and Japan, which could put downward pressure on the yen
  • if markets become volatile due to the Fed tightening cycle, this could have another impact on the yen due to its safe haven status

More IMF on Japan, Fed tightening against BOJ not

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