Former Bank of Japan Governor Haruhiko Kuroda: The interest rate differential between Japan and the U.S. is expected to narrow, and the yen will appreciate to 120-130 yen per dollar

Former Bank of Japan Governor Haruhiko Kuroda stated that the yen could appreciate to 120-130 yen per dollar, as the interest rate differential between Japan and the U.S. is expected to narrow. He pointed out that the current exchange rate is about 153 yen per dollar, which is too weak, and it will recover to 120 or 130 yen in the future. He mentioned that the opposing monetary policies of the Federal Reserve and the Bank of Japan will naturally narrow the interest rate differential, aiding the appreciation of the yen. Kuroda also noted that the 2% inflation target has been achieved, the economic growth rate is about 1.5%, and the unemployment rate is 2.6%, suggesting that it is appropriate to continue raising interest rates