Kuroda Says Hard to See Yen Dropping More, Spurring Surge
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The yen strengthened for a third day against the dollar after Bank of Japan chief Haruhiko Kuroda said it’s hard to see his nation’s currency falling more.
The yen’s exchange rate adjusted for inflation and trade with other nations has returned to levels it was at before the collapse of Lehman Brothers Holdings in 2008, Kuroda said. Japan’s currency pared its advance as Economy Minister Akira Amari said Kuroda’s comments might be distorted from what he meant and didn’t intend to move the currency market.