Growth over currency defense: Japan’s low-rate bias to fuel CHF/JPY rally

Yen weakness persisted as comments from Japan’s officials reinforced the view of supporting growth through lower interest rates outweighs concerns about further Yen depreciation. Economic Revitalization Minister Minoru Kiuchi acknowledged today that a weaker Yen can push up prices prices. However, he also emphasized that “import prices in Yen terms have been falling for eight […]

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