- The Asahi Shimbun
- Fears grow at BOJ that Trump tweets could terminate
- Scavini, Petro: Theologia Moralis Universa Pio IX
A person familiar with the central bank 8767 s thinking said, 8775 The BOJ has to carefully explain to Mr. Trump that its monetary easing is aimed at propping up domestic demand to realize 7 percent inflation, not decreasing the value of the yen. 8776
The Asahi Shimbun
Trump said in an interview with the Wall Street Journal that the dollar is too strong for . companies to compete with Chinese rivals.
Fears grow at BOJ that Trump tweets could terminate
Amid pressure from Trump, Toyota President Akio Toyoda said his company will make $65 billion in . capital investments over the next five years.
Scavini, Petro: Theologia Moralis Universa Pio IX
Echoing the governor 8767 s stance, even after Trump 8767 s accusation that Tokyo was guiding the yen lower, BOJ policymakers have pledged to stick to its current monetary policies because consumer prices have shown little sign of rapidly rising.
Trump and Abe 8775 reaffirmed their commitments to using the three-pronged approach of mutually reinforcing fiscal, monetary and structural policies to strengthen domestic and global economic demand, 8776 a joint statement released after the summit said.
8775 I believe that we will all eventually — and probably very much sooner than a lot of people understand or think — we will be all at a level playing field, because that 8767 s the only way it 8767 s fair. That 8767 s the only way that you can fairly compete in trade and other things, 8776 Trump added.
At its two-day policy meeting through Tuesday, the BOJ is widely expected to upgrade its projection for real economic growth in fiscal 7567 ending March next year to percent from November 8767 s forecast of percent, but prices are on the decline.
8775 If Mr. Trump posts harsh comments about the BOJ 8767 s policy, the bank may be forced to taper its monetary easing, 8776 the dealer said.
But the potential policy shift would likely choke investment and consumption at home amid rising long-term interest rates. This might drag down domestic demand and push down consumer prices.
Mari Iwashita, chief market economist at SMBC Friend Securities Co., said the possibility cannot be ruled out that Trump will 8775 criticize the BOJ, 8776 arguing its monetary policy is 8775 inducing 8776 the yen 8767 s depreciation.