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MNI BRIEF: BOJ Kuroda Says Weak Yen, Easy Policy Good For Econ

TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda on Tuesday said that a weaker yen reflecting fundamentals is favourable for Japan’s economy, echoing remarks made after the January policy review, but added the central bank is vigilant against the impact of high costs on smaller firms.

“The recent rise in the consumer price index (in Japan) is mainly due to the rise in international commodity prices rather than the impact of the weak yen," Kuroda told lawmakers, see: MNI STATE OF PLAY: BOJ Kuroda Rules Out Early Tightening.

“The BOJ will maintain easy policy to create a favorable cycle, such as stimulating the economy and boosting corporate profits, which will then will cause a rise in wages and higher consumer price index."

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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