Free Trial

MNI BRIEF: BOJ's Kuroda: Rapid FX Moves Increases Uncertainty

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda on Thursday warned that recent rapid movements of foreign exchange rates are increasing market uncertainty and make it difficult for businesses to plan.

“It is desirable for foreign exchange rates to move stably, reflecting economic and financial fundamentals,” Kuroda told reporters. He added that the BOJ continues to closely watch forex rates and their impact on Japan’s economy and prices.

Kuroda reiterated the weak yen has a positive impact on Japan on the whole but rapid movements are undesirable.

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.