Yen continues to depreciate, Japanese PM talks with Bank of Japan governor to express concern
China News Service, June 21. According to Kyodo News, on the afternoon of the 20th local time, Japanese Prime Minister Fumio Kishida and Bank of Japan Governor Kuroda Haruhiko held talks at the Prime Minister’s residence. The two sides exchanged views on recent foreign exchange market trends. After the meeting, Kishida said that the two sides talked about the sharp depreciation of the yen during the talks, and considered it a “worrying issue”.
Kuroda was also interviewed after the meeting. He introduced that the devaluation of the yen would bring various uncertainties to the business plan of the company, and said that “I don’t want this (continuous devaluation).”
Kuroda also said he would pay attention to developments in the foreign exchange market and “cooperate with the government to properly respond.”
Since the recent period, the yen has continued to depreciate, and the exchange rate of the yen against the US dollar once fell to a 24-year low.