Japan Must Fix 'Misunderstanding' Over Yen Manipulation Says Ex-BOJ Chief Kuroda
Japan has made huge efforts to prevent yen falls, Kuroda says. BOJ raising rates, not intentionally weakening yen. BOJ taking 'right' step by raising rates gradually. The central bank is unwinding the radical monetary easing that Kuroda engineered during his 2013-2023 tenure to break Japan free from decades of deflation and sputtering growth.
- This episode highlights the delicate balance between a country's economic interests and its international relationships, where verbal missteps can have far-reaching consequences for trade policies and global economic stability.
- How will the ongoing dialogue between central banks and governments address the risks associated with unintended currency manipulation in an increasingly interconnected world?