BOJ Chief Says Yen’s Rapid Depreciation Bad For Firms’ Earnings Outlook, Economy
TOKYO, Apr 18 (NNN-NHK) – Bank of Japan (BOJ) Governor, Haruhiko Kuroda, said today that, recent sharp declines of the Japanese yen could negatively impact Japanese firms’ earnings outlooks and hence the nation’s already struggling economy.
“The yen’s recent depreciation against the U.S. dollar has been quite rapid,” Kuroda told a parliamentary session.