Govt panel members urge BOJ vigilance on weak yen's impact on demand

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What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #newsTOKYO - Private-sector members of a key government panel on Friday urged the Bank of Japan to be vigilant to the risk of sharp declines in the yen currency triggering"excessive" price rises that hurt private demand.

"Given that excessive price hikes could curb private demand, we hope the BOJ guides monetary policy appropriately to achieve its 2% inflation target in a sustainable and stable manner," it said. The Japanese authorities are suspected to have intervened on at least two separate occasions last week to support the yen after it hit lows last seen more than three decades ago.

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