BoJ's Adachi: Yen falls may prompt policy shift - Breaking The News

BoJ's Adachi: Yen falls may prompt policy shift

29 May

1 min read

EPA-EFE/FRANCK ROBICHON

Bank of Japan (BoJ) board member Seiji Adachi stated that if a significant yen fall impacts inflation, the central bank might need to adjust its monetary policy.

He warned that frequent policy changes to stabilize currency could disrupt investments and emphasized maintaining stable interest rates for price stability. Adachi noted Japan's economy is recovering but faces uncertainties.

The board member said that the BoJ must maintain accommodative conditions until achieving its price goal, avoiding premature rate hikes to prevent economic harm.

boj adachi

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