Central bank has plenty of tools to cushion blow from Covid: Bank of Japan

By Leika Kihara TOKYO (Reuters) - Bank of Japan Deputy Governor Masazumi Wakatabe said the central bank had plenty of tools to expand if it saw the need to ramp up stimulus for the economy or counter the negative impact a strong yen could have on inflation.

While the BOJ did not directly target exchange rates in guiding policy, the central bank was carefully watching yen moves due to their impact on Japanese price moves, he said. "If we judge that inflation dynamics would be further eroded or weakened by exchange rate moves,.....

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