BOJ’s Kuroda Says Yen’s ‘Quite Sharp’ Moves May Hurt Businesses

[claireokc]

TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday the yen’s recent moves had been “quite sharp” and could hurt companies’ business plans, offering his strongest warning to date of the risks stemming from the currency’s depreciation. Kuroda said there was no change in his assessment that, overall, a weak yen was good for the economy since it boosts the value of profits Japanese firms earn overseas. But he said the yen’s drop to about 125-126 yen against the dollar, from about 115-116 yen a month ago, was volatile enough to hurt companies. “The recent falls in the yen, which lost about 10 yen to the dollar in about a month, is quite sharp and could make it hard for companies to set business plans,” Kuroda told parliament. ...

Source: https://www.theepochtimes.com/bojs-kuro ... 10444.html