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Home » World News » Reuters Reveals BOJ To Keep Rates Low As Strong, Not Weak, Yen Still Kuroda’s Enemy No. 1

Reuters Reveals BOJ To Keep Rates Low As Strong, Not Weak, Yen Still Kuroda’s Enemy No. 1

Birmingham Bulletin by Birmingham Bulletin
April 26, 2022
in World News
Reading Time: 1 min read
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Business & Finance

03 April 2022, 2:01 pm. 1 minute

Reuters revealed that the Bank of Japan is likely to keep rates low despite political pressure to acknowledge that the weak currency is now a problem. Reuters sources familiar with the bank’s thinking and people close to Haruhiko Kuroda, whose decade in charge ends next April, said he is likely to protect his legacy by avoiding tweaks to a monetary policy that continues to treat a strong yen as enemy No. 1.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceFinancial Services

Regions: Asia

Media Types: Text

Customer Impact: Important Regional Story

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