- Analytics
- News and Tools
- Market News
- BOJ’s Kuroda: If moves are not too sharp and stable, weak yen is positive for Japan’s economy
BOJ’s Kuroda: If moves are not too sharp and stable, weak yen is positive for Japan’s economy
Commenting on the exchange rate value, Bank of Japan (BOJ) Governor Haruhiko Kuroda said, “if moves are not too sharp and stable, weak yen is positive for Japan’s economy.”
Additional quotes
Central banks' basic understanding is to maintain monetary easing unless cost-push inflation leads to second-round effects such as heightening inflation expectation, wage growth.
Impact of weak yen is uneven depending on sector and size of each company.
Very important for forex rates to move stably reflecting economic, financial fundamentals.
What's important is for companies that saw profits rise from weak yen increase capex, wages and strengthen positive economic cycle.
Resumption of inbound tourism will help smaller, service-sector firms in regional Japan.
Market reaction
USD/JPY was last seen trading at 130.57, down 0.22% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
