25 Nov 2014
BoJ Kuroda makes no comments on Yen level
FXStreet (Bali) - BoJ Governor Kuroda, crossed the wires, noting that no comments will be made on specific FX levels, daily moves, taking a somewhat more moderate stance as opposed to Japan'f Fin Min Aso, who said last Friday that the Yen depreciation had been too fast, leading to a flash 60 pips flash dip on USD/JPY.
Additional headlines from Kuroda
2 pct inflation target is now a 'global standard' and a level targeted by most central banks of advanced economies
Japan only halfway in meeting boj's 2 pct inflation target
No change to my view on forex market
Don't think eu faces imminent threat of falling into japan-style deflation
Japan export volume growth flat now but seen rising ahead as demand in asian markets, including china's, picks up
Desirable for forex to move in a way reflecting economic fundamentals
Weak yen also has effect of weighing on households' real income, profits of small firms and non-manufacturers
Weak yen has positive effect on economy such as boost to exports, profits of globally operating firms
Won't comment on specific fx levels, daily moves
Won't comment on fx, including on specific levels and pace of moves
FX stability is not role of boj, such as for other major central banks, govt holds jurisdiction on fx stability
Additional headlines from Kuroda
2 pct inflation target is now a 'global standard' and a level targeted by most central banks of advanced economies
Japan only halfway in meeting boj's 2 pct inflation target
No change to my view on forex market
Don't think eu faces imminent threat of falling into japan-style deflation
Japan export volume growth flat now but seen rising ahead as demand in asian markets, including china's, picks up
Desirable for forex to move in a way reflecting economic fundamentals
Weak yen also has effect of weighing on households' real income, profits of small firms and non-manufacturers
Weak yen has positive effect on economy such as boost to exports, profits of globally operating firms
Won't comment on specific fx levels, daily moves
Won't comment on fx, including on specific levels and pace of moves
FX stability is not role of boj, such as for other major central banks, govt holds jurisdiction on fx stability