Kuroda: Yen weakness a correction from excessive strength

FXstreet.com (Barcelona) - In an testimony at the Japanese parliament, the BoJ Governor Kuroda said that the depreciation in the Yen is simply a correction after its strength from recent years.

Asked about the increase in revenue/profits by some exporters, Kuroda said that Yen weakness should not be perceived as the standalone factor benefiting companies.

As a result of today's headlines, it remains clear that Kuroda is not concerned about Yen weakness being overdone.