Kuroda Says US Rate Hikes Won’t Necessarily Mean Weaker Yen

Bank of Japan Governor Haruhiko Kuroda said interest rate increases by the Federal Reserve won’t necessarily cause the yen to weaken, saying various factors affect the currency market.

In a sequence of remarks Thursday that appeared to trigger a strengthening of the yen, Kuroda also said the BOJ would handle any eventual exit path well, though it wouldn’t be easy.