BOJ policy to boost yen could be an option to curb inflation, minister says
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Japan's trade minister suggests that the Bank of Japan's monetary policy could be used to boost the yen and curb inflation. The central bank is considering raising interest rates this month to counter inflation spurred by the Iran war.
Japan's trade minister Ryosei Akazawa says the Bank of Japan's policy could be an option to tame rising prices. A stronger yen could help offset higher crude-oil import costs. The BOJ is weighing raising interest rates this month. Financial markets predict a 60% chance of an interest rate hike on April 28. The central bank aims to achieve a 2% inflation target.
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