No such thing as good or bad when it comes to exchange rate, says Japan govt official

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No such thing as good or bad when it comes to exchange rate, says Japan govt official

Sharp FX moves are undesirable, stability is importantGovernment closely watching the impact of a softer yen on the economyNot up to government to answer why yen has been weakeningMonetary policy is up to BOJ to decide (on whether to respond against a weaker yen)The lack of conviction here speaks for itself. It just reaffirms that there isn't much appetite among Japanese officials to step in strongly on the matter. That said, it's not like they have much of a choice now do they?

Source: No such thing as good or bad when it comes to exchange rate, says Japan govt official

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