In the Tokyo foreign exchange market on the 9th, some investors said that Bank of Japan Governor Kuroda held a meeting with Prime Minister Kishida and expressed his recognition that the recent depreciation of the yen was a sudden change. In response, the yen was bought back, and the yen appreciated against the dollar at one point to the mid-142 yen level to the dollar.
Around noon on the 9th, Governor Kuroda of the Bank of Japan held a meeting with Prime Minister Kishida. It showed the recognition that movement hits abrupt change.
In response to this, the yen exchange rate, which had been in the high 143 yen range to the dollar in the morning, temporarily appreciated to the mid-142 yen range to the dollar.
``BoJ Governor Kuroda's remarks were taken by some investors as a warning against a weaker yen, and are believed to have led to moves to buy back the yen,'' said a market insider.