Kuroda Says G-20 Nations Understand Japan’s Reasons for Easing

Bank of Japan Governor Haruhiko Kuroda said that Group of 20 nations understand the case for Japan’s unprecedented monetary stimulus and indicated that he expects no censure for the yen’s slide.

“We aren’t intending to weaken the currency at all,” Kuroda told reporters today in Washington, where he’s attending his first G-20 gathering as central bank chief. The BOJ’s easing “is for a domestic policy goal to achieve the 2 percent inflation target at the earliest possible time,” he said.