IMF: Recent Yen depreciation reflect fundamentals

IMF Japan mission chief Ranil Salgado said Yen’s recent movements “reflect fundamentals”, adding, “we see both positive and negative effects in yen depreciation.” He noted that risks to inflation in Japan are on the upside. But, “inflation in the medium-term will remain well below the BOJ’s target once the cost-push factors go away,” he said. […]

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