BoJ Governor Haruhiko Kuroda told the parliament today that there’s “quite a lot of positives for Japan from a weak Yen”. Companies with overseas profit could have their yen-denominated value increase from a lower yen. Nevertheless, a weak Yen might not boost export as much as the part, because many manufacturers now produce goods locally in the overseas markets.
Though, Kuroda also emphasized the important for exchange rates to move at equilibrium levels. It’s “not as if the weaker the yen the better, or the stronger the better”.
