BOJ's Fukui sees no resumption of yen-carry trade

Bank of Japan governor Toshihiko Fukui said Tuesday 10 April he sees no sign of the resumption of the yen-carry trade, despite the recent weakening of the yen.

"The foreign exchange market can fluctuate day by day for various reasons, but this market has been calm recently," Fukui told a press conference after the conclusion of a two-day meeting of the Bank of Japan's policy board.

"And overall, we do not think the yen-carry trade will be resumed immediately," he added.

Fukui said he did not thi