Monetary policy is not aimed at FX – BOJ’s Shirai

FXStreet (Mumbai) - The Bank of Japan (BOJ) policymaker Shirai, while speaking to reporters on Wednesday reiterated that monetary policy is not aimed at FX, while maintaining that he is not in a position to talk about positives/negatives of weak Yen.

Shirai added policy mandate is to achieve 2% inflation in a gradually sustained manner. On the issue of further monetary easing Shirai said BOJ can hold policy steady now, but does not rule out further action in the future, especially if the path towards hitting price target is clearly disrupted.