Japan's Abe aims for ultra-aggressive BoJ thru law revision - Kyodo

FXstreet.com (Barcelona) - Japanese Prime Minister Shinzo Abe continues to inspire the sell of Yens, with the latest comments a clear sign of his obsession for a sustained shift in how the BoJ conducts monetary policies. In the last 24h ago, the Prime Ministers has, once again, provided a more aggressive rhetoric on the course Japan's monetary regime has to pursue.

Not having enough reassurance with the recent 2% inflation mandate by the BoJ, Mr. Abe said Thursday, that the government will continue to pursue a potential change in the law, by which he can guarantee ultra-bold easing monetary policy. The PM was quoted in an interview with Kyodo news, saying that "given the need for continued bold monetary easing, I want to keep in mind a the potential legal revision."