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USD/JPY at 90-100 return to equilibrium, BoJ front runner Iwata says

One of the possible successors from BoJ chief Shirakawa, Mr. Iwata, is making comments with an immediate effect on the value of the Yen.

According to the front runner to take charge as next governor at the helm of the BOJ , "USD/JPY at 90-100 is a return to equilibrium..." Iwata also said there are many ways for monetary policy to boost economy, suggesting considerations for longer-term Japanese bonds and riskier assets like foreign-bond purchases perhaps may also be given consideration (Yen negative).

As additional information for readers, and courtesy of Nomura, he is a proactive on inflation targets, he believe foreign policy is important, as Nomura explains, "he proposed establishing a public-private fund investing in foreign bonds..."

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