BOJ’s Kuroda: Western countries' rate hikes won't necessarily lead to weak yen

Commenting on the impact of the Fed and BOE tightening on the yen, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said that he doesn’t think the western countries' rate hikes will necessarily lead to weak yen.

Additional quotes

Natural that there will be differences in monetary policies of central banks.

If yen weakens it will support exports and corporate profits.

Weak yen is not impacting current terms of trade.

Western countries' rate hikes won't necessarily lead to weak yen.

Weak yen will rather benefit Japan economy.