BoJ's Miyao sees weaker yen as key to ending deflation

ryuzo-miyao

Ryuzo Miyao, a member of the Bank of Japan's policy board who pushed consistently for more easing under the previous governor Masaaki Shirakawa, today said a fall in the yen's value versus the dollar is a key pillar of Japan's strategy to return to consumer price inflation.

Addressing a meeting of business leaders in Gifu Prefecture, Miyao said that as the US economy "recovers steadily" over the coming two years, US interest rates will also "rise moderately" and put pressure on the US dollar to

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