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FX a transmission channel, not goal, of easy policy -BOJ
November 14, 2013 / 3:00 AM / 4 years ago

FX a transmission channel, not goal, of easy policy -BOJ

TOKYO, Nov 14 (Reuters) - Currency market is a key transmission channel for monetary policy, although the Bank of Japan does not aim at directly influencing exchange rates, a senior central bank official said on Thursday.

“It’s a common understanding among advanced nations that the objective of monetary policy is financial stability, not at controlling currency moves,” BOJ Executive Director Masayoshi Amamiya told a parliamentary committee.

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