Reuters revealed that the Bank of Japan is likely to keep rates low despite political pressure to acknowledge that the weak currency is now a problem. Reuters sources familiar with the bank’s thinking and people close to Haruhiko Kuroda, whose decade in charge ends next April, said he is likely to protect his legacy by avoiding tweaks to a monetary policy that continues to treat a strong yen as enemy No. 1.
The post Reuters reveals BOJ to keep rates low as strong, not weak, yen still Kuroda’s enemy No. 1 appeared first on Reuters News Agency.
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