At a press conference on the 15th, the Bank of Japan's governor Kuroda said about the rise in prices of raw materials such as crude oil. It is not, "he said, and expressed his intention to pay close attention to future economic and price trends.
The Bank of Japan's Governor Kuroda held a press conference on the 15th after attending a round-table conference with the local business community in Nagoya.
Among them, Governor Kuroda commented on the impact of rising prices of crude oil and other raw materials, saying, "It is true that prices of gasoline and some foodstuffs are rising, but that has had a huge impact on the economy. There is no such thing, "he said, and expressed his intention to keep an eye on future economic and price trends.
Regarding the recent depreciation of the yen in the foreign exchange market, Governor Kuroda said, "It has the effect of boosting the amount of exports and the profits of overseas subsidiaries of companies, and I do not see it as being particularly negative." I reiterated the recognition that the depreciation of the yen has more benefits.
The round-table conference between the Bank of Japan and local economic organizations continued to be held online due to the spread of the new coronavirus infection, but this time it was held face-to-face for the first time in 1 year and 9 months.