BoJ insiders confirm that BoJ is nowhere near intervening to protect the yen

5 comments

1. Is this why yen just fell by 2 yen

2. So, and this is totally ignorant which is why I’m asking: Does this mean it will cost more or less to import goods from Japan? I would think initially that the cost would go down in other countries because the yen has fallen, but would price of goods in Japan increase their own price in Japan itself and thus balance out or make it cost the same or more after adjustment? Would shipping costs also go up too?

   I don’t know how import trade works. I’m sorry if this is a dumb question.

3. They have been trying to get inflation up for years.. Increasing the interests rates which would increase the value of the yen, but would be completely against their mandated target inflation goals.

   This is a bad time to travel abroad, but a good time to be a Japanese export business. Or a good time to be paid in dollars and live in Japan.

   Edit: BoJ targets 2%. [https://www.boj.or.jp/en/mopo/outline/qqe.htm/](https://www.boj.or.jp/en/mopo/outline/qqe.htm/) It looks like they will make it this year!!! After 4 years of negative or near 0!!!!! The BoJ is partying about the weak yen.

4. Looking at the DXY it seems like there is next to nothing Japan can do.

5. Wow. “Current economic conditions don’t justify tweaking ultra-loose policy,” that person said, expressing a view echoed by the other two sources.”

   SO how bad does it actually need to get?