Choukeir: Yen Far Too Strong for an Economic Revival
Japan’s economy sputtered along in August, with a rise in industrial production pointing to modest third-quarter growth. Yet consumer prices fell for a sixth straight month and households cut spending, underscoring the challenge facing Bank of Japan Governor Haruhiko Kuroda as he tries to spur 2 percent inflation. The data released Friday offer the first broader look at Japan’s economy since the BOJ last week shifted the focus of its monetary stimulus from expanding the money supply to controlling interest rates. Bloomberg's Henry Hoenig reports and Kleinwort Benson Bank Chief Investment Officer Mouhammed Choukeir discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Frankfurt.