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Kuroda Warns Current Yen Strength Risks Harming Recovery

  • `Closely monitoring' impact of markets on the economy: Kuroda
  • Yen's 13% surge versus dollar in 2016 is most among G-10 peers
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Does Yen Strength Risk Harming Japan's Recovery?

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Bank of Japan Governor Haruhiko Kuroda warned that the yen’s biggest rally since Abenomics began risks harming the nation’s economic recovery.

Speaking to reporters in Frankfurt Monday, Kuroda also reiterated that BOJ policy makers won’t hesitate to expand monetary stimulus in order to achieve their 2 percent inflation target. Japanese Prime Minister Shinzo Abe said the same day in Paris that rapid movements in exchange rates are undesirable, according to national broadcaster NHK.