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BOJ’s Maeda: BOJ’s policy not aimed at FX

Bank of Japan’s ultra-easy monetary policy is aimed at achieving its 2 percent inflation target and does not seek to influence the Japanese yen, BOJ Executive Director Eiji Maeda told parliament on Friday, according to Reuters. 

Key quote

It’s natural for monetary policy to vary from country to country as each central bank takes measures deemed most appropriate for it's country’s economy

 

Australia Producer Price Index (QoQ) came in at 0.4%, below expectations (0.6%) in 1Q

Australia Producer Price Index (QoQ) came in at 0.4%, below expectations (0.6%) in 1Q
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