The dollar drops below ¥78 as the BOJ's launch of QE8 (by some calculations) last week...

|By:, SA News Editor

The dollar drops below ¥78 as the BOJ's launch of QE8 (by some calculations) last week succeeded in weakening the yen for only a few minutes. The BOJ is ready to take further steps, says Deputy Governor Yamaguchi. He takes care to note the yen's value is not part of the BOJ mandate, but the bank is keeping a close eye on it.