TOKYO—A weak yen may be hurting Japanese households more than in the past, as the country’s increasing reliance on more expensive raw material imports pushes up the cost of living, Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday.
Kuroda’s remarks are the most direct acknowledgment to date of the potential disadvantages of a weak currency, highlighting a growing concern among policymakers of the hit to Japan’s fragile recovery from a steady rise in input costs.
