BoJ Adachi: We should not forget strong yen led to two lost decades

BoJ board member Seiji Adachi said, “with the impact of the pandemic continuing, shifting to tighter monetary policy now would inflict huge damage to business and household activity… It’s premature to move toward tighter policy.” “If the bank uses monetary policy to respond to short-term fluctuations (in exchange rates) before achieving its goal for underlying […]

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