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.

Read the full article at http://www.bloomberg.com/news/2012-06-12/imf-says-yen-is-overvalued-and-boj-should-add-stimulus-economy.html

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