The BoJ is under criticism for prolonging its ultra-loose policy. BoJ policy is severely hurting commercial bank margins. Annual core consumer inflation exceeded the BOJ’s objective of 2% for the sixth consecutive month in September. Today’s USD/JPY forecast is bearish. Yuri Okina, a member of a significant government panel and potential future BOJ executive, stated … Continued
The post USD/JPY Forecast: Okina Calls to Phase Out Ultra-loose Policy appeared first on Forex Crunch.
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