The Bank of Japan (BoJ) finds itself in an odd situation. Where often a central bank's credibility is based around keeping inflation under control and maintaining a strong currency, the BoJ instead needs the yen to be as unattractive a currency as possible, writes Jasper Thornton-Boelman, assistant fund manager at Parmenion Investment Management.
Unfortunately, the yen's safe-haven status is turning out to be harder than expected to shift, along with the country's current deflationary worries. But when continuous bouts of QE and a negative interest...
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