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Risks lurk as Yen keeps BOJ from faster tapering despite stronger economy

While the BOJ's 2 percent inflation target remains elusive, its money printing strategy has brought about a desirable depreciation in the yen.

Reuters  |  Tokyo 

Regardless of a return to solid economic growth, the risk of sharp appreciation in the yen means Japan's central bank would be in no rush to exit its ultra-loose monetary policy, say sources familiar with the bank's thinking. Stubbornly low inflation would also make the Bank of Japan hesitant to taper its huge crisis-mode stimulus programme and shift away from rock-bottom interest rates too quickly. While the BOJ's 2 percent inflation target remains elusive, its money printing strategy has brought about a desirable depreciation in the yen. "Yen moves have ...

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First Published: Tue, December 12 2017. 14:49 IST
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