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US Treasury Secretary Says BOJ Policy Key to Yen Stability

The Treasury Secretary indicated that appropriate monetary policy by the Bank of Japan would help maintain the yen at a suitable level.

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Terms & Concepts
  • Monetary Policy: Actions by a central bank, such as the Bank of Japan, to manage money supply and interest rates to achieve economic objectives.
  • Yen Stability: The state in which the value of the Japanese yen remains relatively consistent against other currencies, avoiding excessive volatility.