Geopolitical risks could affect corporate, household sentiment – BOJ’s Miyanoya

FXStreet (Mumbai) – The Bank of Japan’s (BOJ) Osaka branch manager Atsushi Miyanoya was on the wires today, noting that the current yen rebound versus the greenback is surprising and is mainly driven by risk-aversion.

Key Quotes:

BOJ must watch how market developments since start of this year, geopolitical risks could affect corporate, household sentiment

Output, exports of smartphone parts in Oct-Dec did not increase as much as expected

Many firms in Kansai region say they want USDJPY to move stably around 120, and don’t hear much calls for further Bank of Japan easing

Many firms in region feel current yen rises are driven by investors risk aversion

Some firms in region say they’re puzzled to see yen rebound vs USD despite monetary policy paths of US and Japan

The Bank of Japan’s (BOJ) Osaka branch manager Atsushi Miyanoya was on the wires today, noting that the current yen rebound versus the greenback is surprising and is mainly driven by risk-aversion.

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