BOJ members vigilant about US, European situations
February 8, 2017
TOKYO- Some Bank of Japan policymakers last week stressed the need to watch out for policies of US President Donald Trump and the impacts of Britain’s exit from the European Union, the BOJ said Wednesday.
At a policy-setting meeting on Jan. 30-31, the BOJ board members noted “uncertainties” over the global and Japanese economic outlook, including “the policy stance of the new US administration and how the negotiation of Brexit will play out,” according to a summary of opinions expressed at the meeting.
Trump’s recent comment alleging that Japan guided the yen lower has sparked concern among market players that the BOJ may face difficulty in its monetary policy steering.
“Concerns of the markets over the Bank’s controllability of the yield curve tend to be growing.” (Jiji Press)
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