Japanese Authorities Committed to Flexible Exchange Rate, Says IMF Official
Japanese Commitment to Flexible Exchange Rate
Japanese authorities are dedicated to maintaining a flexible exchange rate, acting as a shock absorber to support the Bank of Japan’s monetary policy objective. According to Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, the commitment to this flexible exchange rate is crucial for price stability.
Positive Discussions on Exchange Rate Issues
Srinivasan emphasized the productive discussions with Japanese authorities on exchange rate matters. He conveyed that there is no fundamental disagreement between the Fund and Japanese authorities regarding exchange rate policies. The commitment to a flexible exchange rate serves as a shock absorber and supports the monetary policy objective of price stability.
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