"Deutsche Bank Urges Bank of Japan to Abandon Ultra-Loose Monetary Policy for Yen Support, While Japanese Bankers Grapple with Rate Hike Learning Curve"

Deutsche Bank suggests that the Bank of Japan needs to move away from its ultra-loose monetary policy in order to support the yen. The yen could reach a 33-year low against the dollar if it weakens further. The Bank of Japan has heavily relied on quantitative easing measures to stimulate the economy, but it has been slow in addressing inflation concerns. Deutsche Bank believes that a more dovish stance from other central banks or a shift in policy by the Bank of Japan is necessary for the yen to strengthen.