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MNI BRIEF: BOJ Kuroda: Weak Yen Positive To Economy, Prices

Bank of Japan Governor Haruhiko Kuroda said on Tuesday that a weak yen has a net positive impact on economic activity and prices and the picture hasn’t changed from similar remarks recently.

“Foreign exchange rates should move stably reflecting economic fundamentals. The weak yen contributes to boosting economic activities and prices,” Kuroda told reporters, see: MNI INSIGHT: BOJ Unruffled On Yen, Eyes Govt Reax If 120 Hit.

However, Kuroda said that the BOJ must pay attention to developments as the impact of a weaker yen depends on industries and businesses. He also said a discussion of policy normalisation isn’t linked to the end of his term in April 2023.

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