BoJ Osaka Branch Manager: Important for FX rates to move stably reflecting fundamentals

Dhwani Mehta FXStreet

The Bank of Japan (BoJ) Osaka Branch Manager Hirohide Koguchi made some comments on the exchange rate value in a news conference on Thursday.

Key quotes

“Important for FX rates to move stably reflecting fundamentals.”

“Weak yen has helped boost big manufacturers' profits, support inbound tourism.”

“Yen has bounced back up but remains below levels at outset of 2022, overseas tourists returning to Japan as country re-opens borders.“

“Tourists from China not rising much so far, but those from Europe, US and Southeast Asia clearly increasing in Kansai Western Japan region.”

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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