Bank of Japan Governor Haruhiko Kuroda said on Saturday the yen's recent de...
Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon
Kuroda also said he had not changed his view that Japan’s economy would continue to recover moderately, suggesting that he saw no immediate need for the BOJ to expand stimulus. “But the situation is still uncertain. I don’t think Japan’s moderate economic recovery is derailing.” Kuroda said the Japanese economy was unlikely to enter a severe downturn as capital expenditure remained firm, adding that he saw no changes to the fundamentals driving exchange-rate moves.
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