Weak yen is 'positive' for Japan's economy: BOJ Kuroda

Central bank lowers inflation forecast to 0%, holds monetary levers in place

20211026 BOJ

The Bank of Japan issued its quarterly economic outlook on Thursday. (Photo by Karina Nooka) 

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- The yen's recent slide to a three-year low against the dollar has Japan worried that this could hurt business and consumer sentiment by making things more expensive amid skyrocketing commodity prices. But on Thursday, Bank of Japan Gov. Haruhiko Kuroda dismissed this, saying a weak yen does more good than harm.

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