Bank of Japan Governor Haruhiko Kuroda: the exchange rate should be stable and should reflect the economic fundamentals

Market news

2 June 2015

Bank of Japan Governor Haruhiko Kuroda: the exchange rate should be stable and should reflect the economic fundamentals

The Bank of Japan (BoE) Governor Haruhiko Kuroda said after his meeting with Japanese Prime Minister Shinzo Abe that the exchange rate should be stable and should reflect the economic fundamentals.

He declined to comment the recent movement of the yen.

Kuroda also said that the central bank's monetary policy is targeted at price stability, not at directly weakening the yen.

Gold price traded higher on a weaker U.S. dollar and on concerns over the Greek debt crisis

U.S. factory orders drop 0.4% in April

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