BOJ recommits to easing, Japan warns of action to fight volatile Yen.

Bank of Japan Governor Haruhiko Kuroda on Monday reiterated his unwavering commitment to maintaining ultralow rates to support the fragile economy, even as the finance minister warned again of "decisive" action to stem volatile yen movements.

Kuroda's comments at a parliamentary session came after the yen plunged to its lowest level in 32 years versus the U.S. dollar, reflecting the widening monetary policy gap between Japan and the United States. U.S. President Joe Biden has said he is "not concerned" about the strength of the dollar.

The seemingly mixed messages by Japanese authorities show the difficulties faced by Japan.

The BOJ, on the one hand, takes the view that the current round of cost-push inflation, -a phenomena largely caused by higher import costs for energy, raw materials and food- is not sustainable, and monetary easing is necessary to...