- weak yen improves earning for exporters and firms operating globally
- weka yen hurts profits and some non-mftg companies
- desirable that fx rate moves in a way that reflects economic fundamentals
- BOJ will continue to watch fx moves and other financial markets to assess impact on economy
Nothing new so far from Mr K
USDJPY 119.40 after 119.48.. Offers noted at 119.50
Kuroda – BOJ will continue to monitor market moves
