Sunday, December 07, 2025 | 06:25 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

BOJ's Kuroda says FX rates should reflect fundamentals - Kyodo

Image

Reuters TOKYO

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said there was a shared agreement among Group of Seven advanced economies that currency rates should move stably reflecting economic fundamentals, Kyodo news agency reported.

Kuroda's remarks were made to reporters in Davos on Thursday, when asked about U.S. Treasury Secretary Steven Mnuchin's comments that a weak dollar was good for the U.S. economy, Kyodo reported.

Kuroda also shrugged off lingering market speculation that the BOJ would dial back its huge stimulus programme earlier than expected.

"There is still quite some distance to our 2 percent inflation target. It's inappropriate to talk about an exit strategy or a change in policy," Kuroda said.

 

(Reporting by Leika Kihara; Editing by Shri Navaratnam)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 26 2018 | 5:13 AM IST

Explore News