Former Bank of Japan Governor Haruhiko Kuroda said on Thursday that he believes the yenkingcasino50freespinsThe depreciation of the country's multinational companies is only temporary, and a weakening local currency will help boost the performance of the country's multinational companies.
"Will the depreciation of the yen be just temporary? I think it is, but people may have different opinions. If that's the case, the current Japanese stock price will be inflated a little due to the temporary depreciation of the yen,"Kuroda said.
Kuroda's remarks came after Japan may have intervened in the yen for the second time this week.
"I am confident that monetary policy will be normalized in a very cautious manner," he said Thursday.