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MNI BRIEF: BOJ Noguchi: Adverse Impact Of Weak Yen Limited

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan board member Asahi Noguchi said on Thursday that the adverse impact of the weak yen on Japan’s economy and prices is extremely limited.

“There is argument that a worsening of the terms of trade caused by the rise in energy and raw material prices is led by the weak yen. But the impact of the weak yen is very limited,” Noguchi told business leaders in Kumamoto City, see: MNI BRIEF:BOJ March Tankan Shows Sentiment Drop On Energy, Yen.

The yen traded as high as 123.93 against the USD on Thursday,. It reached a recent high just above 125.00 at the end of March. Noguchi said that the subject for Japan’s macro-policy is to get out of very low inflation rate, not restrict inflation.

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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