Yen can boost exports, but depresses importers profits – BOJ’ Sato

FXStreet (Mumbai) - The Bank of Japan (BOJ) policymaker Sato on Wednesday said a weak Yen can boost exports and profits, lift stocks, but it can also depress importers profits and real incomes.

Sato further added that he wants to scrutinize effect and the feasibility of BOJ’s QQE without any pre-set idea that maintaining QQE is a given. Sato rejected commenting on daily fx moves, levels, speed, while maintaining that it is desirable for FX to reflect real economy.