Quotes from the news wire:
What Chinese authorities are doing is what the IMF has recommended for a long time, which is to allow markets to determine the exchange rate, one benefit is that loosening the (yuan's) link to the dollar gives Chinese authorities some independence to conduct their own monetary policy.
Found on Reuters 9 years ago
The BOJ basically looks at inflation expectations and the output gap. Even if we were to lower our forecast, we see the output gap closing, as long as there's not a very sharp decline in either, one could say (the BOJ is) on the right path.
Found on Reuters 9 years ago
So far, the BOJ has responded appropriately (to market volatility). When there is market volatility ... the best response is to let the exchange rate move, exchange rate is not a target and has not been a target for the BOJ.
Found on Reuters 9 years ago
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