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MNI BRIEF: BOJ's Kuroda Says Recent Rapid Weak Yen Undesirable

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said on Thursday that the recent rapid weak yen is increasing uncertainties and is undesirable.

“As I said repeatedly, it is vital for foreign exchange rates to move in a stable manner reflecting economic and financial fundamentals,” Kuroda told reporters add in the BOJ continues to be in close contact with the government with regard to foreign exchange rate moves, (See: MNI BRIEF: BOJ On Hold And Keeps Policy Forward Guidance)

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Bank of Japan Governor Haruhiko Kuroda said on Thursday that the recent rapid weak yen is increasing uncertainties and is undesirable.

“As I said repeatedly, it is vital for foreign exchange rates to move in a stable manner reflecting economic and financial fundamentals,” Kuroda told reporters add in the BOJ continues to be in close contact with the government with regard to foreign exchange rate moves, (See: MNI BRIEF: BOJ On Hold And Keeps Policy Forward Guidance)

Keep reading...Show less