April 4, 2017 / 1:06 AM / 6 months ago

BOJ Governor Kuroda: No comment on FX levels

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a Reuters Newsmaker event in Tokyo, Japan March 24, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday declined to comment on what the appropriate level for the yen is, saying foreign exchange policy is decided by the finance ministry.

Kuroda, who spoke in the lower house of parliament, also said the BOJ’s purchases of exchange-traded funds are intended to meet its 2 percent inflation target and do not distort the price mechanism for stocks.

Reporting by Stanley White; Editing by Chang-Ran Kim

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