News Headline Summary

Bank of Japan's Yamaguchi says BoJ aims to reach 2% inflation as soon as possible

- BoJ aware that monetary policy affects currency.
- BoJ easing not directly aimed atweaker currency.
- Closely monitoring discussion on BoJ law.
- BoJ to take action when necessary.
- BoJ has made a stronger pledge than before.
- Cannot rule out effect of weakening JPY from easing.
- Decisive action does not immediately mean BoJ will ease more frequently at bigger scale.

Reaction details (05:31)

- No immediate reaction seen in USD/JPY, trades 90.91 (-15 pips) last.

31 Jan 2013 - 05:29 - Forex - Source: Newswires

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