Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency's slide to multi-year lows could do more harm than good to the resource-poor, import-reliant country. Due to structural changes in Japan's economy, the benefit from a weak yen comes more through an increase in the value of profits companies earn overseas, rather than a rise in export volume, Kuroda said. "There's no change now to my view a weak yen is generally positive for Japan's economy," he told parliament. Kuroda said the recent rise in import prices was driven ... (full story)