Wasyen he? The yen depreciation correction was the Bank of Japan's policy target?!

7/31Bank of Japan(Hereafter, the BOJ)in the monetary policy meeting, in addition to reducing the scale of government bond purchases, moved to raise the policy interest rate.7In response to the rapid yen depreciation since the start of July, it cannot be denied that the decision to raise rates was made in part to yield to the successive calls from Liberal Democratic Party members for rate hikes. The BOJ's policy objective is price stability, not exchange rate stability, so we will explain what form the consequences of the BOJ's incorrect policy judgment might take.