BOJ’s Kuroda Weighs in to Warn Against ‘Rapid’ Yen Moves
TOKYO—Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency’s recent sharp drop to 24-year lows.
“Sharp currency moves are undesirable as they destabilize corporate business plans and heighten uncertainty,” Kuroda told reporters after the meeting, which he described as an occasional catch-up by the two sides to discuss broad economic and financial matters.
“When the yen is moving 2 to 3 yen per day, that’s a rapid move,” Kuroda said, when asked about the Japanese currency’s recent fluctuations….