12:11 - 9.09.2022

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September 9, Fineko/abc.az. The head of the Central Bank of Japan, Haruhiko Kuroda, believes that the largest drop in the yen against the dollar since 1998 is destabilizing the country's business.

ABC.AZ reports that he stated about this to journalists after a meeting in Tokyo with Prime Minister Fumio Kishida at his residence.

"Sharp fluctuations in exchange rates bring instability to business activities, increase uncertainty in the economy, this is highly undesirable," Kuroda emphasized.

He noted that the Central Bank will carefully monitor the situation on the foreign exchange market.

The Bank of Japan pursues policy of actually negative lending rates in order to stimulate the business environment in the country.