The yen was flat after February Bank of Japan board minutes released on Friday cast concern on the trend in consumer prices.
Consumer prices may flatten and real wages may also drop as a sharp drop in global oil prices takes its toll, the Bank of Japan said Friday in minutes released from its February 17-18 board meeting.
The remarks suggest continued concern over hitting a target of sustained 2% inflation this fiscal year even as economic growth looks more promising, bank board members said, adding that the pace of buying government bonds to support easing needs to be assessed.
Overnight, the U.S. dollar rebounded against the euro on Thursday, one day after experiencing its largest one-day drop in more than six years amid indications from the Federal Reserve that it could raise interest rates by June.
The euro is down by more than 10% against its American counterpart this year, as the start of its highly-anticipated bond buying program coincided with expectations of tightening by the Fed.
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