BOJ’s Nakamura says cannot directly control FX moves with monetary policy Justin Low Forexlive RSS Breaking CentralBanks Feed

It is desirable for FX to move in a way that reflects fundamentalsSharp, one-sided fall in yen heightens uncertaintyJapan’s economy is not that strong yetNeed to look at data in deciding when to start tapering bond purchasesI am neutral on whether and when to taper bond buyingRaising rates at next week’s policy meeting would be too early

This is one of the more dovish takes on BOJ policy at the moment. There is a strong expectation that they will reduce bond purchases this month. But Nakamura is evidently not as supportive as he is claiming that the economy is still in a rather fragile state.

This article was written by Justin Low at www.forexlive.com.It is desirable for FX to move in a way that reflects fundamentalsSharp, one-sided fall in yen heightens uncertaintyJapan’s economy is not that strong yetNeed to look at data in deciding when to start tapering bond purchasesI am neutral on whether and when to taper bond buyingRaising rates at next week’s policy meeting would be too earlyThis is one of the more dovish takes on BOJ policy at the moment. There is a strong expectation that they will reduce bond purchases this month. But Nakamura is evidently not as supportive as he is claiming that the economy is still in a rather fragile state.

This article was written by Justin Low at www.forexlive.com.  Read MoreCentral Banks 

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