Pedestrians walk past a screen displaying the Japanese yen exchange rate against the US dollar in Tokyo on October 13, 2022. The yen fell against the US dollar to reach the upper 146 range. Photo: EPA-EFE/Jiji Press
Pedestrians walk past a screen displaying the Japanese yen exchange rate against the US dollar in Tokyo on October 13, 2022. The yen fell against the US dollar to reach the upper 146 range. Photo: EPA-EFE/Jiji Press
Japan

Bank of Japan ‘playing for time’ as it sticks to ultra-loose policy despite yen plunge, analysts say

  • Central bank ‘playing for time’ as it looks to slow down weakening of yen until global conditions improve
  • PM Kishida backs central bank’s yen approach but faces host of other challenges that could make it difficult for him to survive next six months

Pedestrians walk past a screen displaying the Japanese yen exchange rate against the US dollar in Tokyo on October 13, 2022. The yen fell against the US dollar to reach the upper 146 range. Photo: EPA-EFE/Jiji Press
Pedestrians walk past a screen displaying the Japanese yen exchange rate against the US dollar in Tokyo on October 13, 2022. The yen fell against the US dollar to reach the upper 146 range. Photo: EPA-EFE/Jiji Press
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