Chief govt spokesman on the wires clarifying comments he made yesterday, and said his remarks were to simply state that a weak yen has not boosted exports as the govt had expected
It is not that a weak yen is good or bad, the govt will proceed with the three arrows and expect firms to allocate their positive earnings to increase their capital spending, wage increase and employment improvement
Yesterday BOJ gov Kuroda said that a weak yen as a whole has a positive effect on Japan’s economy if the currency’s move reflects economic and market fundamentals.
Definitely some increased debate on this issue going on right now as Abe tries to placate many across the country
USDJPY 108.32 still after it’s decent Asian rally
Suga perhaps digging himself a bigger hole
