BOJ Kuroda – Weak Yen boosts corporate profits, but hurts households

Bank of Japan (BOJ) governor Kuroda, while speaking in the Parliament, said the weak Japanese Yen boosts corporate profits and capital spending but is an indirect tax on the households as it reduces their purchasing power.

Key quotes

Japan exports volumes clearly rising, helping output and labor market

BOJ will closely monitor the impact of the exchange rate on the Japanese economy