IMF Says Yen Is Overvalued and BOJ Should Add Stimulus: Economy – Bloomberg 06-12-12

Salient to Investors:

IMF said the yen is moderately overvalued medium-term because of safe-haven inflows, and the Japanese central bank should consider further monetary stimulus. Intensification of the flight to safety in financial markets could lead to exchange-rate volatility, further strengthen the yen and depress equities and business and consumer confidence.

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