- Yen weakness would be justified far beyond on BoJ inability to normalize its monetary policy – Commerzbank
Market news
7 August 2023
Yen weakness would be justified far beyond on BoJ inability to normalize its monetary policy – Commerzbank
Can't or won't the BoJ normalize its monetary policy? Economists at Commerzbank analyze JPY implications.
Can't or won't?
If it's inability and not unwillingness, Yen weakness would be justified far beyond what it has been so far.
By the way, the fact that the 2% is already within the range that the Council members have been forecasting recently already showed at the time these forecasts were published (i.e., July 31) that at least one Council member does not believe that inflation will fall below 2% again. So the fact that this view also appears in the minutes is not really news. Not everything that comes across as news is news.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page