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Japanese Yen drops as BoJ Kuroda commits to loose monetary policy

USDJPY News by Newsroom on 21:26 November 05, 2017 EST
The Japanese Yen dipped to its weakest levels against the US Dollar since March at the start of the week as Bank of Japan Governor Haruhiko Kuroda addressed the press.

Speaking in Nagoya, Kuroda stated the BoJ is commited to its monetary easing policy. He also ackonwledged there is still a long way to go to meet the 2% per year inflation target. But these are

He was though, and perhaps paradoxically, optimistic about the Japanese economy, as he noted that the country was enjoying growth driven by both internal and external demand.

Earlier, minutes of the BoJ’s last monetary policy meeting entirely were released with no main change on previous minutes.