BOJ’s Ueda Says Weak Yen Isn’t Only Negative for Japan’s Economy
11/17/2023 11:44
Bank of Japan Governor Kazuo Ueda said that there are both positives and negatives to the weak yen’s impact, suggesting he’s determined to keep stimulus unchanged for now despite heightened concerns over the yen.
Bank of Japan Governor Kazuo Ueda said that there are both positives and negatives to the weak yen’s impact, suggesting he’s determined to keep stimulus unchanged for now despite heightened concerns over the yen.
While it’s true that a weak yen amplifies negative economic impacts by lifting up import prices, it also helps boost exports including inbound spending, and lifts global businesses’ profits, Ueda said in response to questions in parliament Friday.