Kuroda in Spotlight as BOJ Doubts Spur Yen, Japan Yields Higher
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Bank of Japan Governor Haruhiko Kuroda may spur a decline in the yen should he refute a report that the central bank is reluctant to expand monetary easing, Mitsubishi UFJ Morgan Stanley Securities Co. said.
The yen rose 0.4 percent on Friday, set for its second day of gains, while Japanese yields climbed after demand at a sale of five-year debt dropped to the lowest since April 2013 amid speculation the BOJ will avoid boosting stimulus. Traders will scrutinize Kuroda’s comments following a Feb. 18 meeting after Bloomberg News reported that policy makers deem further easing counterproductive, said Daisaku Ueno, chief currency strategist in Tokyo at Mitsubishi UFJ Morgan Stanley.