Price stability rather than maintaining the value of yen is the Bank of Japan's biggest issue = IMF Economist

July 17, 2024 12:15 AM GMT+9 (some excerpts)

International Monetary Fund (IMF) chief economist Pierre Olivier Grancha stated on the 16th that the Bank of Japan's biggest challenge is not maintaining the value of yen, but maintaining price stability and keeping the inflation rate within targets.
At the press conference, it was pointed out that the Japanese authorities are committed to a flexible exchange rate. The focus of the authorities was the gradual tightening of monetary policy, and it was decided that it was not “exchange rate stability.”