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BOJ’s Kuroda Steps Up Warning on ‘Very Rapid’ Yen Moves

Haruhiko Kuroda

Haruhiko Kuroda

Photographer: Kiyoshi Ota/Bloomberg

Bank of Japan Governor Haruhiko Kuroda said recent rapid yen moves were fueling negative effects on the economy in remarks that sparked a strengthening of the yen.  

“Recent yen moves have been very rapid,” Kuroda said in response to questions in parliament Monday. “A significantly weak yen or very rapid moves fuel the negative effects.”