japan to explain boj policy not aimed at manipulating yen
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Japan to explain BOJ policy not aimed at manipulating yen

Arab Today, arab today

Arab Today, arab today Japan to explain BOJ policy not aimed at manipulating yen

Bank of Japan
Tokyo - Arab Today

Japan will explain to the United States that the Bank of Japan's monetary easing is aimed at achieving price stability, not at manipulating the yen, its chief government spokesman said on Wednesday. 


Chief Cabinet Secretary Yoshihide Suga told a news conference that Japan was conducting policy in line with G7 and G20 agreements. He added that there was no change to its stance that it would respond appropriately against "one-sided" currency moves. 


Suga was speaking after U.S. President Donald Trump and trade adviser Peter Navarro criticised China, Germany and Japan, saying they were engaged in devaluing their currencies to the disadvantage of the United States.--REUTERS

Source :NNA

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