The Dilemma of the Bank of Japan Governor Ueda
Bank of Japan(Nihon Ginkō)has, at the monetary policy meeting on 10/31, kept the current policy rate at0.25%, but comments by Governor Kuroda at the press conference were perceived as hawkish, and the forex market reacted with dollar weakness and yen strength. This explains the background to Governor Kuroda's shift in stance and the outlook for the USD/JPY exchange rate going forward.
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