September 25, 2017 / 6:40 AM / a year ago

BOJ Kuroda: G20 agrees FX should move stably reflecting fundamentals

OSAKA (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday there was a shared view among Group of 20 major economies that currency rates should move stably reflecting economic and financial fundamentals.

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2017. REUTERS/Toru Hanai

“The BOJ will continue to carefully watch currency moves and their impact on Japan’s economy and prices,” Kuroda said in a meeting with business leaders in Osaka, western Japan.

Kuroda made the remarks in response to requests made by some of the business leaders that the BOJ continue to work with the government to ensure yen moves were stable.

Reporting by Leika Kihara; Editing by Chang-Ran Kim

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