BOJ’s Noguchi: Merits of weak yen on Japan’s economy outweigh demerits

Bank of Japan (BOJ) policy board member Asahi Noguchi is back on the wires now, via Reuters, speaking on the recent depreciation of the yen.

Key quotes

Rising import prices changing public perception of future price moves but not enough to overhaul Japan’s prolonged deflationary mindset.

Merits of weak yen on Japan’s economy outweigh demerits.

Strong yen is more painful for Japan’s economy as priority is to pull out of deflation, too-low inflation.