BoJ board members concerned over yen’s volatility
Rate-setters differ over implications of currency depreciation, minutes show
Some members of the Bank of Japan’s monetary policy board expressed concerns at its April meeting over the yen’s volatility on foreign exchange markets, recently published minutes show.
The yen has weakened sharply against the dollar since mid-March, after the US Federal Reserve approved a 0.25 basis point interest rate hike on March 16. The currency fell from around 118 yen per dollar on March 16 to beyond 136 – a 24-year-low – on June 21.
At the April 27–28 meeting, the policy board voted 8
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