FXStreet (Mumbai) – Speaking to the lower house financial affairs committee on Wednesday, Bank of Japan (BOJ) Governor Haruhiko Kuroda reiterated that he expects the central bank’s 2% inflation target to be met around the first half of fiscal 2016.
He further noted that there was “no discussion at all” about currency moves, including the dollar’s strength, at a Group of Seven finance leaders’ gathering in Germany late last month.
Kuroda added that there are many other factors that influence dollar-yen pair, “I therefore don’t think we can assume that the dollar will strengthen more and more against the yen from here.”
(Market News Provided by FXstreet)