Bank of Japan (BOJ) Governor Haruhiko Kuroda yesterday carefully ramped up his warnings on sharp yen moves as he tries to ensure that cracks do not emerge between the government and the central bank on the need to continue with monetary stimulus.
“Recent yen moves have been very rapid,” Kuroda said in response to questions in parliament. “That can cause trouble for companies when they make their business plans and we will need to take into account negative factors like these.”
Japanese Minister of Finance Shunichi Suzuki also weighed in during the parliamentary session, reiterating his view that excessive and disorderly swings
(Bloomberg) Consensus is building among Tokyo market watchers that the yen can extend losses past its 20-year low to 130 per dollar in coming months, before it steadies.
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