⁍ Deputy Governor Masazumi Wakatabe said the central bank had numerous tools and programmes it can expand.

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⁍ He also said while the BOJ won’t directly target exchange rates, currency moves were ‘extremely important’ components for Japan’s economy.

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– Bank of Japan Deputy Governor Masazumi Wakatabe said on Friday the central bank had numerous tools it can expand if it saw the need to ease monetary policy further, Reuters reports. He also said while the BOJ won’t directly target exchange rates, currency moves were ‘extremely important’ components for Japan’s economy that the central bank was watching carefully. “If we judge that inflation dynamics would be further eroded or weakened by exchange rate moves, that is the time we should think of taking policy action.”