Economics
Weaker Yen Likely to Prompt BOJ Message Shift, Ex-Official Says
- Kazuo Momma speaks with Fed, BOJ policy gap set to widen
- Says ‘absolutely no chance’ of normalization moves at moment
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A further depreciation of the yen won’t be good for Japan’s economy and may prompt a shift in the central bank’s messaging, according to a former Bank of Japan official, speaking after the currency set a fresh low of more than five years.