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MNI BRIEF: BOJ Should Not Lift Rates To Curb Weak Yen - Kuroda

(MNI) Tokyo
(MNI) Tokyo

Bank of Japan Governor Haruhiko Kuroda said on Wednesday it isn’t appropriate for the BOJ to raise interest rates to address the weak yen.

Kuroda told lawmakers the weak yen is negative for Japan’s economy and isn’t appropriate as the recent move is rapid and one-sided, which is making business projections difficult and is increasing uncertainties.

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Bank of Japan Governor Haruhiko Kuroda said on Wednesday it isn’t appropriate for the BOJ to raise interest rates to address the weak yen.

Kuroda told lawmakers the weak yen is negative for Japan’s economy and isn’t appropriate as the recent move is rapid and one-sided, which is making business projections difficult and is increasing uncertainties.

Keep reading...Show less