BOJ policy board to meet amid trade friction threat

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 this is aimed at weakening the yen.

The battle of words over currencies intensified at the weekend as US Treasury Secretary Steven Mnuch…