“The BOJ might have tried to do something by opting for negative rates, but in reality the initiative belongs elsewhere. Dollar/yen is dictated by global risk sentiment, which also decides the trend in the currency market as a whole, the BOJ can only do so much. The markets see through the fact that the central bank's efforts would not be effective in the absence of domestic demand, which is up to the government to create through its policies.
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- Reuters 8 years ago
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