Bank of Japan chief warns rapid yen movements "unfavorable"

Bank of Japan Governor Haruhiko Kuroda said Friday that recent rapid movements of the yen are "unfavorable" for Japanese companies, adding to a chorus of warnings from monetary authorities about high volatility following the currency's slump to a 24-year low against the U.S. dollar.Kuroda made the remarks after meeting with Prime Minister Fumio Kishida at his office to discuss recent economic and financial developments. The BOJ chief told reporters afterward that he had received "no requests" from the prime minister."When we see (the dollar) fluctuating by 2 yen or 3 yen a day, we say such …READ FULL ARTICLE