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MNI BRIEF: BOJ Kuroda: Forex Rate Should Move Stably

TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said on Wednesday forex rates should move in a stable manner, reflecting economic fundamentals.He said the central bank continues to monitor the FX market -- along with other financial markets -- as the US election results unfold

Answering questions from business leaders, Kuroda said trade spats between China and the US were unlikely to worsen the global economic recovery, although sentiment could worsen if the dispute escalated.

On another topic currently considered by many leading central banks, Kuroda said the BOJ had no current plan to issue digital currency as demand for banknotes remains strong, although he saw and understood the need to consider it and the bank would actively study and prepare.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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