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MNI BRIEF: BOJ Minutes: Members: Positive Impact Of Weak Yen

(MNI) Tokyo
TOKYO (MNI)

Some Bank of Japan board members judged that the weak yen has positively affected Japan’s economy as a whole through an increase in profits from businesses overseas and a rise in stock prices, the minutes of the Oct. 27-28 meeting released on Wednesday showed.

“Some members expressed the view that the depreciation had positively affected Japan's economy as a whole through an increase in profits from business conducted overseas and a rise in stock prices, although its effect of pushing up exports had declined,” the minutes said.

The minutes showed that they agreed with the view made by BOJ Governor Haruhiko Kuroda who has said that the weak yen has positive impact on Japan.

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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