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MNI BRIEF: BOJ Kuroda: Weaker Yen Won’t Dampen Japan's Economy

TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda on Monday ruled out the risk that a weaker weak yen will dampen the foundation for Japan's economic recovery.

"The weak yen will increase yen-denominated currency costs, but it also will boost corporate profits overseas," Kuroda told reporters, adding that foreign exchange rates should move stably and reflect economic fundamentals while the BOJ monitors the impact of a weaker currency on commodity imports.

He also declined to comment on whether the BOJ would end, modify or continue with pandemic special measures for company funds set to expire in March of next year.

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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