BoJ prepared to react to strengthening yen, says Miyao

ryuzo-miyao

Ryuzo Miyao, a member of the Bank of Japan's (BoJ) policy board, on Wednesday said the Japanese central bank stood ready to react to deflationary pressures eminating from the strengthening of the yen.

In a press conference at the BoJ, newswire Reuters reported Miyao as saying that while Japan's economy was "picking up" steadily as supply constraints stemming from the March 11 earthquake disaster eased, there were some concerns over the recovery scenario. Miyao said the yen's sustained strength,

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