BOJ’s Masai: Interest rate differential in only one factor that affects fx moves

BOJ board member Masai is back on the wires now, via Reuters, this time speaking on the inflation outlook.

Key Points:

Many central banks aiming for same level of inflation would be beneficial for FX, market stability

 It would be inappropriate to change inflation target level

Important for BOJ to aim for 2% inflation as this is the global standard among central banks

Interest rate differential in only one factor that affects fx moves.