BOJ’s Kuroda: If yen moves not too sharp, weak yen is beneficial for Japan’s economy

Finally commenting on the latest yen slide, Bank of Japan (BOJ) Governor Haruhiko Kuroda said Tuesday, “if yen moves are not too sharp, weak yen is beneficial for Japan’s economy.

Additional comments

No comment on fx levels.

Very important for fx to move stably reflecting fundamentals.

Impact of weak yen varies, uneven for each entity.