June 26, 2018 / 2:27 AM / 5 months ago

Japan PM Abe - U.S. recognises BOJ policy not aimed at forex

Japan's Prime Minister Shinzo Abe speaks to media after the news conference by the U.S. President Donald Trump, after the summit between the U.S. and North Korea in Singapore, at Abe's official residence in Tokyo, Japan, June 12, 2018. REUTERS/Issei Kato

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Tuesday that the U.S. government recognises that the Bank of Japan is not conducting monetary policy to target exchange rates.

Speaking in parliament, Abe also said the BOJ’s quantitative easing was not aimed at weakening the yen.

Reporting by Takaya Yamaguchi; Writing by Stanley White

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