BOJ’s Nakamura says stable $/yen moves good for economy

TOKYO (Reuters) – Bank of Japan board member Toyoaki Nakamura said on Wednesday the country’s economy would benefit if the dollar moves stably within the current range of around 103-115 yen.

“Compared with the past, exchange rate moves have been quite stable,” Nakamura told a news conference.

“For companies, what’s most important is for currency rates to move stably. If the dollar/yen moves within the current range (of around 103-115), that will make it easier for companies to make business decisions,” he added.

(Reporting by Leika Kihara; Editing by Jacqueline Wong)

tagreuters.com2022binary_LYNXMPEI1806X-VIEWIMAGE

Close Bitnami banner
Bitnami