Tokyo Core CPI eases to 2.1% The Japanese yen has posted slight gains for a second straight day. In the European session, USD/JPY is trading at 144.10, down
The Bank of Japan faces a difficult monetary policy decision at its two-day meeting beginning Monday, as the yen could further weaken if a policy tweak is not delivered as is expected by some in the financial markets.
A Bank of Japan policymaker said that the central bank should review its yield cap program "at an early stage," noting its high costs, a summary of opinions from its June policy meeting showed on June 26.
Government representatives attending a Bank of Japan policy meeting in December made a rare request to adjourn the meeting before the central bank stunned financial markets with its decision to expand the trading range for long-term bond yields, minutes show.
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