The Japanese yen dwindled Thursday following Bank of Japan Governor Haruhiko Kuroda said the country can still attain inflation target.
On Wednesday, the BOJ head mentioned he is depending on a tight labor supply to increase consumer inflation toward the bank’s 2% target, as well as Chinese policy actions to bolster their sluggish exports.
The yen finished at ¥136.28 per euro and ¥120.07 per US dollar.
Kuroda added the Japanese central bank will assess both upside and downside perils to the economy and make adjustments, if needed.
The material has been provided by InstaForex Company – www.instaforex.com