The Bank of Japan (BOJ) should adopt an inflation target range as opposed to the current pinpoint target of 2 percent, former BOJ board member Sayuri Shirai said while talking to Bloomberg earlier today. Key quotes BOJ should not abandon inflation targeting as that could lead to a sharp rise in JPY. Growing view BOJ may need modern monetary accommodation. BOJ may ease more if JPY surges, resulting in a sharp slowdown in the economy. Lowering 10-year yield could have a negative impact on the financial system. Instead, the BOJ can expand the 10-year yield’s target range. BOJ has little options left other than expanding the target range of the 10-year government bond yield. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crypto startup Bcause LLC to use Nasdaq’s trading, clearing, and market surveillance technology FX Street 4 years The Bank of Japan (BOJ) should adopt an inflation target range as opposed to the current pinpoint target of 2 percent, former BOJ board member Sayuri Shirai said while talking to Bloomberg earlier today. Key quotes BOJ should not abandon inflation targeting as that could lead to a sharp rise in JPY. Growing view BOJ may need modern monetary accommodation. BOJ may ease more if JPY surges, resulting in a sharp slowdown in the economy. Lowering 10-year yield could have a negative impact on the financial system. Instead, the BOJ can expand the 10-year yield's target range.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
