URGENT: Rapid, one-sided yen fall negative for Japan economy: BOJ chief

Politics Economy

The yen's recent rapid and one-sided depreciation is "negative" for the Japanese economy, Bank of Japan Governor Haruhiko Kuroda said Wednesday after the currency hit a fresh 32-year low versus the U.S. dollar. Kuroda told a parliamentary session that the rapid-paced weakening of the yen makes business planning difficult for Japanese companies. But he also said if weakening of the yen is stable, it is a plus for the economy.

Kyodo News

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