It’s hard to imagine the yen declining much further from its current lows, said a former deputy to Bank of Japan Gov. Haruhiko Kuroda when he was in charge of the nation’s currency policy.
The exchange rate is lower than it has been in more than 40 years when adjusted for inflation and trade with other nations, said Takatoshi Ito, who worked with Kuroda at the Ministry of Finance in 1999 and 2000. Intervention to counter the yen’s weakness is unlikely, barring any sudden, unwarranted moves, he said in an interview in Tokyo on Friday.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.