Hirohide Koguchi, the manager of the Bank of Japan’s (BoJ) Osaka branch, spoke on the value of the exchange rate during a press conference on Thursday.
For FX rates to move steadily while reflecting fundamentals, it’s important.
“Weak yen has supported inbound tourism and helped improve large manufacturers’ profitability.”
“As the nation reopens its borders, abroad visitors are returning to Japan, although the yen has recovered but is still below levels at the beginning of 2022.”
“Tourists from China are not expanding much at this time, but those from Europe, the United States, and Southeast Asia are obviously rising in the Kansai Western Japan region.”
