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BoJ bid to taper by stealth made tougher by supercharged yen


Yen rally: US dollar and yen notes are seen in this illustration photo. The yen has strengthened about 6 against the dollar despite repeated remarks from governor Haruhiko Kuroda that the BoJ will keep policy accommodative. — Reuters

Yen rally: US dollar and yen notes are seen in this illustration photo. The yen has strengthened about 6 against the dollar despite repeated remarks from governor Haruhiko Kuroda that the BoJ will keep policy accommodative. — Reuters

THE Bank of Japan (BoJ) is finding out just how hard it is to be stealthy – when everyone is looking right at you.

The central bank looks set to end this fiscal year well behind on its target for Japanese government bond purchases.

Banking , boj , japan , stealth

   

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