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BOJ policy board to meet amid trade friction threat
Japanese finance minister says trade imbalances cannot be solved through exchange-rate adjustments alone
Mr Aso (centre) with other finance ministers and central bank governors at the IMF and World Bank's annual meetings in Washington. After meeting Mr Mnuchin, Mr Aso said the two had agreed that currency issues should be handled at their level.
PHOTO: REUTERS
Tokyo
THE Bank of Japan's (BOJ) Policy Board will meet this week as the threat of a trade friction between the United States and Japan shows signs of morphing into frictions over exchange rates. But the BOJ is expected to stand firm on its aggressive monetary easing despite claims that...
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