TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank hoped to respond appropriately on currency markets in close coordination with the government, issuing a fresh warning against recent sharp yen falls.
“I told the prime minister that recent rapid yen moves were undesirable,” Kuroda told reporters after a meeting with Prime Minister Fumio Kishida at the prime minister’s official residence.
“(Kishida) did not say anything special but I told him that it was important for currencies to move stably reflecting economic fundamentals,” Kuroda added.
Rapid yen weakening as seen recently will bring uncertainty to corporate business planning, he said….