Former forex chief sees Kuroda standing firm despite weak yen

TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda won’t change his ultra-low interest rate policy in the coming quarters, even though he will come under political pressure to do so over the weak yen, according to one of the country’s former chief currency officials.

“The political pressure from the people, parliament and media is going to be a bit higher,” said Hiroshi Watanabe, who served as currency chief in the 2000s in a Bloomberg TV interview yesterday. “But I think there isn’t going to be a big change in monetary policy.”