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MNI BRIEF: BOJ's Kuroda Says Rapidly Weaker Yen Is Undesirable

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said on Friday that the recent rapid yen fall is making it difficult for firms to project their business plans and is undesirable.

“It is vital for foreign exchange rates to move stably reflecting economic and financial fundamentals,” Kuroda told reporters at a conference that followed the latest policy review, (See: MNI BRIEF: BOJ On Hold, Keeps Policy Forward Guidance).

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Bank of Japan Governor Haruhiko Kuroda said on Friday that the recent rapid yen fall is making it difficult for firms to project their business plans and is undesirable.

“It is vital for foreign exchange rates to move stably reflecting economic and financial fundamentals,” Kuroda told reporters at a conference that followed the latest policy review, (See: MNI BRIEF: BOJ On Hold, Keeps Policy Forward Guidance).

Keep reading...Show less