12/1/2021, 5:48 AM (Source: TeleTrader)
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Weak yen not negative for Japan's economy - BoJ's Adachi

Bank of Japan (BoJ) board member Seiji Adachi said that he sees weakening yen as favorable for the country's export-focused economy.

"Weak yen is bringing benefits to Japan's economy by boosting overseas profits of Japan firms," said Adachi.

He also noted that the central bank will maintain its easy monetary policy, ready to for further easing if needed to support companies operate amid the coronavirus pandemic.

Baha Breaking the News (BBN) / NL