BOJ's Kuroda: Recent yen weakness isn't a bad thing

Further remarks by Kuroda

  • The degree of weakening in the yen in pushing up exports is lesser to some extent
  • Weaker yen does push up costs for households, importers
  • Desirable for FX to move stably, reflect economic fundamentals

A light remark on the currency but it is quite a stretch by their standards as they hardly ever comment as such. That said, Japanese lawmakers and policymakers favouring a weaker currency is like the worst kept secret in town so it doesn't matter all too much.

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