BOJ’s Kuroda: Rapid yen moves are negative, undesirable for Japan’s economy

Bank of Japan (BOJ) is speaking at the post-policy conference on Friday, reiterating that they “won't hesitate to ease monetary policy further if necessary.”

Additional quotes

Must be vigilant to financial, currency market moves and their impact on Japan's economy, prices.

Declines to comment on FX intervention as it’s under MOF’s jurisdiction.

Yen weakening has been one-sided.

Rapid yen moves are negative, undesirable for Japan’s economy as it makes companies’ business planning difficult.

Necessary to achieve 2% inflation target in tandem with wage growth.

No comment on fx intervention.

Very important for currencies to move stably reflecting fundamentals.

CPI growth due to rise in import prices driven by commodity inflation and weak yen.

Will strive to achieve stable, sustainable inflation involving wage growth.

Cost-push inflation will be weakening after new year.