Impact of yen depreciation on Asian trade ‘not all that simple’, says BoJ board member
A further depreciation of the yen may help to strengthen the competitiveness of Asian products by prompting a decline in the prices of intermediate imports from Japan, Bank of Japan (BoJ) policy board member Sayuri Shirai said in a speech at the Penang Economic Conference in Malaysia on Saturday.
The Japanese currency has weakened substantially since BoJ governor Harikuro Kuroda introduced aggressive quantitative easing measures in April, in turn stoking fears among Japan's Asian trading
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