World Economy

BOJ to Debate Weak Yen

BOJ to Debate Weak YenBOJ to Debate Weak Yen

Bank of Japan policymakers may debate the potential demerits of further yen declines at their rate review on Friday, suggesting that growing political concern over excessive yen weakness could delay the timing of any further monetary easing, Reuters reported. While wary of a Greek debt default, BOJ officials are set to maintain their rosy assessment on Japan’s economy and their massive stimulus program. They are in no mood to act any time soon and are hopeful that inflation, now roughly flat, will accelerate toward the BOJ’s 2 percent target later this year as the recovery gains momentum.