Former Bank of Japan Governor Haruhiko Kuroda says yen depreciation is only temporary

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Former Bank of Japan Governor Haruhiko Kuroda said on Thursday that he believed the yen\’s depreciation was only a temporary phenomenon and that a weaker local currency would help boost the performance of the country\’s multinational companies.

Former Bank of Japan Governor Haruhiko Kuroda said on Thursday that he believes the depreciation of the yen is only a temporary phenomenon. Moreover, the weakening of the local currency will help boost the performance of the country\’s multinational companies.
Will the devaluation of the yen be temporary? I think so. But people may have different views.
If so, the current Japanese stock prices are somewhat inflated due to the temporary depreciation of the yen. Kuroda Haruhiko said.
Before Kuroda spoke, Japan may have intervened in the yen for the second time this week.
\”I am confident that monetary policy will normalize in a very cautious manner,\” he said on Thursday.

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