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MNI BRIEF: BOJ's Kuroda Repeats Easy Policy, Yen Stances

TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda told lawmakers on Monday that easy policy needs to be maintained to boost the medium- to long-term inflation expectations and support economic activity, and tighten the labor market to cause wage hikes that would boost tolerance of higher prices.

Kuroda added that the BOJ is not targeting foreign exchange rates but continues to monitor the impact on economy and prices, repeating that rapid forex moves are undesirable. The yen traded at a high of 129.64 against the dollar on Monday, down from a level just over JPY131 this month, See: MNI INTERVIEW: Yen May Be Nearing End Of Depreciation-Hayakawa.

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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