GLOBALES: BOJ's Iwata: can't say continuously falling yen is good for economy
 Inicio > Internacionales | Publicado el Martes, 21 de Marzo del 2017
GLOBALES: BOJ's Iwata: can't say continuously falling yen is good for economy

GLOBALES: BOJ

Reuters / TOKYO A continuously falling yen is not a benefit to the Japanese economy, because a weak currency has some negative side effects, Bank of Japan Deputy Governor Kikuo Iwata said on Tuesday.

Iwata also said the BOJ is not relying on a weak yen to meet its 2 percent inflation target, in comments before the upper house fiscal and monetary policy committee.

"We're trying to achieve inflation accompanied by a rise in wages and productivity," Iwata said.

"You can't simply say that the weaker the yen is the better for the economy, because there are some negative aspects of having a weak currency."

The link between monetary policy and currencies has become a sensitive topic in Japan after U.S. President Donald Trump earlier this year said the BOJ is using the money supply to artificially weaken the currency.

The Trump administration has since avoided direct criticism of Japan's monetary policy, but there are still lingering worries about his preference for protectionist trade policies.

The yen JPY= has fallen around 17 percent versus the dollar since April 2013, when the BOJ began buying massive amounts of government debt to lower yields and encourage inflation.

Iwata on Tuesday reiterated the BOJ's official view that monetary easing tends to weaken the yen in the short term, but its policy is aimed at narrowing the output gap to encourage price gains.

Despite years of easing, Japanese consumer prices are not even close to the BOJ's 2 percent inflation target, which could invite criticism Japan is trying to keep the yen weak to push up import costs and give its exporters an advantage.

If consumer prices do reach 2 percent, the BOJ would have to exit its policy, Iwata said.

The two main tools at the BOJ's disposal are raising the interest applied to excess commercial bank reserves and selling its government bond holdings, but the BOJ is unlikely to sell debt anytime soon, Iwata said.



(Editing by Chris Gallagher and Kim Coghill)

GLOBALES: BOJ's Iwata: can't say continuously falling yen is good for economy

Con Información de Reuters

http://entornointeligente.com/articulo/9756225/GLOBALES-BOJs-Iwata-cant-say-continuously-falling-yen-is-good-for-economy

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Instagram Mi Refugio online Twitter Mi Refugio Online Facebook Mi Refugio Online Pagina Web Mi Refugio Online Pagina Web Mi Refugio Online Detener Mi Refugio Online

Con FLASHAUTOLEASE.COM adquiere un carro en Miami a los mejores precios del mercado
http://www.flashautolease.com





Destacadas


Luego de casi tres años de postergaciones, ANCAP presentó oficialmente este lunes ante la industria petrolera mundial las bases de la Ronda Uruguay III, por la que se planea licitar...

Ads by Web24

Con FLASHAUTOLEASE.COM adquiere un carro en Miami a los mejores precios del mercado
http://www.flashautolease.com

En el Frente Amplio reconocen que la derogación del delito de abuso de funciones votado por sus legisladores en el Senado se ha convertido en un problema que amenaza con...


El Comercio / El presidente Lenín Moreno llegó a Nueva York, Estados Unidos, y se integró a la delegación ecuatoriana que participará en la Asamblea General de Naciones Unidas (ONU) y en...

Ads by Web24

En Smart-Reputation.com tenemos la solución para mejorar tu reputación on line.
http://www.smart-reputation.com

El Comercio / La Empresa Pública Correos del Ecuador informó que a partir del 1 de octubre de 2017, todos los envíos que ingresen a Ecuador por comercio electrónico , con...

Ads by Web24

Smart-Reputation.com will fix your online reputation. Contact us.
http://www.smart-reputation.com
ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS MEDIOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM