Global EconomyAugust 13 at 08:07 PM

Japanese former top FX diplomat Furusawa says BoJ likely wants to eventually raise rates to around 1.50%-1.75%, adds Japan and the US could intervene again if yen returns to levels hit before their joint action

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Former FX chief Furusawa projects a 1.50%-1.75% terminal rate for the BoJ, supported by persistent inflation and recent joint Japan-US interventions aimed at stabilizing the yen.

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Says: Coordinated Japan-US yen intervention may happen again at any time.

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Japanese former top FX diplomat Furusawa says BoJ likely wants to eventually raise rates to around 1.50%-1.75%, adds Japan and the US could intervene again if yen returns to levels hit before their joint action

News detail

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