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IMF's Shinohara: Strong dollar triggering yen weakening

FXStreet (Bali) - Naoyuki Shinohara, deputy managing director of the IMF, is crossing the wires, via Bloomberg, saying that strong dollar triggering yen weakening, which is part of natural FX market moves.

Key headlines (via Bloomberg)

Doesn’t see need for more BOJ easing at this time

Failure of Abenomics possible without wage growth, fulfillment of growth strategy

IMF doesn’t see BOJ reaching target until 2017 or 2018

BOJ ought to address gap between that and 2 yrs target

BOJ should address timeframe “as soon as possible”

BOJ should work on communications, make statement on timeframe that doesn’t disappoint market expectations, maintains bank’s credibility

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