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Kuroda quells controversy over his yen comment

It had sparked a sudden, sharp correction in the currency's slide

MR KURODA: "We have absolutely no intention of targeting exchange rate moves or to affect currency rates."


BANK of Japan (BOJ) governor Haruhiko Kuroda sought on Friday to quell the controversy caused by his recent comment that the real effective exchange rate of the yen had fallen to levels not seen since the 1980s. The comment made to Japan's Parliament sparked a sudden, sharp...

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