FOCUS:Yen's fall to 34-year low unlikely to prod BOJ to tighten policy soon

The recent yen's fall to a 34-year low against the U.S. dollar is unlikely to prompt the Bank of Japan to tighten its policy again anytime soon, with the yen's underlying trend expected to reverse course later this year.With expectations growing that the U.S. Federal Reserve will begin cutting its key interest rate in the near future, the dollar is poised to face a downturn versus the yen in the mid- and long-term, even if Japan's central bank sticks to its accommodative policy stance as it pledged to after its first interest rate hike in 17 years on March 19, analysts said.On Wednesday, th…READ FULL ARTICLE