BoJ new board member against targeting exch rate

JAPAN - The newest member of the Bank of Japan's Policy Board said on Apr 2, 2001 she was neither a monetary policy hawk nor a dove, but questioned whether orthodox policy could loosen deflation's debilitating grip on the economy.

Keeping her cards close to her chest, newly appointed BOJ Policy Board member Miyako Suda did say, however, that she opposed the use of monetary policy to target currency rates. "The BOJ has one policy objective, and that is prices," she said at her inaugural news co

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