YOKOHAMA, Japan May 6 Bank of Japan Governor
Haruhiko Kuroda said on Saturday the yen's depreciation against
other currencies has not led to an increase in the country's
exports in recent years because more companies now produce goods
"Textbooks say that when your exchange rate depreciates,
your exports will increase and improve your trade balance,"
Kuroda told a seminar.
"In the case of Japan, exchange rates are affecting not much
the trade balance but the corporate profit situation, through
which domestic demand will fluctuate," he said.
(Reporting by Leika Kihara; Editing by Chris Gallagher)