- Does not think that there is a gap in view on FX between Suzuki (finance minister) and Kuroda (BOJ governor)
- Weak yen is positive for exporters, though it hurts households, some businesses
- Kuroda has said weak yen is good for the economy as a whole, but there are some demerits
- Cannot say whether weak yen will be short-lived or long-lasting
The commentary on the yen is rather typical but you get the sense that there is a bit of friction between the government and the BOJ as of late amid a weaker currency and rising inflation pressures. The two issues are putting more of a strain on Japanese businesses and consumers, so that is definitely something that needs attention.