# BOJ's Kuroda says weak yen promises to benefit Japan's economy

> BOJ Governor Haruhiko Kuroda told parliament that a weak yen benefits Japan, as it raises the yen value of overseas profits earned by manufacturers. He noted that many Japanese manufacturers now produce abroad, which limits the export gain from a weaker currency.

- Date: 2021-04-13 · published 2021-04-13T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/47845-boj-s-kuroda-says-weak-yen-promises-to-benefit-japan-s-economy
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The governor's stance signals continued tolerance of a weak yen, which keeps dollar-priced feed imports costly for Japanese buyers. The comments are unlikely to move grain prices directly.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/boj-kuroda-preaches-benefits-weak-yen-japans-economy-2021-04-13/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.