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MNI BRIEF: BOJ's Kuroda Says Rapid FX Movements Hit Firms

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda told lawmakers on Monday that short-term and rapid FX movements increase uncertainties for firms to plan their businesses and it is desirable for the yen to move stably reflecting economic and financial conditions.

But Kuroda maintained the view that the weak yen has a positive impact on the economy and prices on the whole and reiterated the need for continued easy policy, see: MNI INSIGHT (RPT): Only Short-Term Yen Impact If JGBs Tweaked.

The yen traded at JPY126.32 against the dollar after his remarks after hitting an intraday high of JPY126.79.

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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