Kuroda: The recent falls in the yen, which lost about 10 yen to the dollar in about a month, could make it hard for companies to set business plans. — Bloomberg
TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda says the yen’s recent moves have 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.
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