BoJ Governor Haruhiko Kuroda said, “yen depreciation may have a good impact on macro-economy as a whole, but there are some sectors which are suffering from weak yen.” He added that “we have to carefully watch, and analyze the impact of currency movements on the economy.”
Kuroda also qualified that “if currency movement is so fast and uni-direction, probably caused by speculation, that would be bad for the economy.”
Meanwhile, he reiterated, “we will continue our monetary easing to achieve the 2% inflation target in a stable and sustainable manner.”
