TOKYO -- Bank of Japan Gov. Haruhiko Kuroda triggered a massive yen sell-off against the dollar on Thursday, first by underlining the bank's commitment to loose monetary policy, then by stating that a weak yen is positive for the Japanese economy.
As the steel industry, a business lobby and small business owners voice concern about the weak yen, Kuroda proclaimed: "There is no change to our assessment that the weak yen is positive for the Japanese economy."
