Japan Econmin Amari: No intention to have politics guide FX
TOKYO, Jan 22 (Reuters) - Japanese Economics Minister Akira Amari said on Tuesday that Japan has absolutely no intention of having politics guide foreign exchange rates, after a central bank easing that was spurred by government pressure and has weakened the yen.
The Bank of Japan doubled its inflation target to 2 percent on Tuesday, in a widely expected move, while it surprised markets by making an open-ended commitment to buy assets starting next year.
Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.
Amari also told reporters that Prime Minister Shinzo Abe wants to make a sincere effort to explain to other countries a joint government-BOJ statement which includes the central bank's new inflation target.
(Reporting by Kaori Kaneko; Editing by Edmund Klamann)