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MNI BRIEF: BOJ's Kuroda: Forex Reflects Economic Fundamentals

TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said on Thursday that recent foreign exchange rates reflect economic fundamentals, indicating that he continues to see the current yen’s level has a net positive impact on the economy and prices.

Kuroda told lawmakers that the recent rise in consumer price index in Japan will not cause an unwinding of easy policy immediately. He also said that an interest rate gap between Japan and other countries doesn’t necessarily cause a weaker yen as forex rates are affected by factors such as global economy and financial markets, see MNI BRIEF: BOJ Kuroda Says Weak Yen, Easy Policy Good For Econ.

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

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