Economics

Ex-Japan Forex Chief Sees Kuroda Standing Firm Despite Weak Yen

Hiroshi Watanabe says BOJ more worried about fragile economy
Sees no change in BOJ policy if yen stays around 120 mark

WATCH: Former Japan’s Vice Minister of Finance for International Affair Watanabe discusses his outlook for the economy and yen.Source: Bloomberg

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By Yuko Takeo

April 4, 2022 at 1:52 AM UTC

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Bank of Japan Governor Haruhiko Kuroda won’t change his ultra-low interest rate policy in the coming quarters, even though he’ll come under political pressure to do so over the weak yen, according to one of the country’s former chief currency officials.