Bank of Japan (BoJ) governor Haruhiko Kuroda stated on Monday that the recent weakening of the yen has been "quite sharp" and that the currency's moves could "make it hard for companies to set business plans."
Still, Kuroda reiterated that a stably weak yen can have a positive impact on the Japanese economy as a whole, while also noting that it is currently too early for BoJ to consider exiting its stimulative monetary policy.
On Friday last week, Japanese Prime Minister Fumio Kishida said that while some of the recent price rises in the country can partly be attributed to foreign exchange instabilities, the main driving factor is still the global spike in oil and raw materials costs.
