kuroda stresses for the time being, the bank will stay on its course of monetary easing.tion is expected to stabilize around 1.9% in the current fiscal year. then it is slow to 1% the next o one. >>> avex is making a full-scale entry into the saudi arabia market. the company is looking to expand abroad as their live shows luggish at home due to the pandemic. visitors could experience the world of animation such as "attack on titan" and "demon slayer." it is expected to be an intermediary between japanese firms. saudi arabia has traditional place of limitations on entertainment >>> let's take a look at what's happening in the week ahead. the release of key figures will shed light on how economies around the world are performing and could affect interest rate policies. there is also important meeting that'll weigh on future energy prices. japan factory out. this was largely due to strong demand for semiconductor as a result of the global chip shortage. sluggish automobile to weigh on the figure. the measure have for some companies to shut factory lines. chinese officials re

. -- kuroda is on the tape now.x moves are unfavorable, do you expect g2 intervention in dollar-yen and if so, what would retribution be? parisha: i think it would be hard for the u.s. to explain it. to weaken the yen in that sense. sorry, to weaken the dollar. we don't think that is possible. but will there be other forms of intervention, it is quite possible, but i don't think we are at those thresholds yet. if we think about the comments from both boj, certainly, further intervention is stepping up. but i think there levels for actual intervention to be higher from here. dani: to be fair, we have also seen the yen start to lose some of its stamina last week. the dollar dropping 1% versus the yen. are we finally seeing the yen as those recessionary fears come to the fore, yet again be connected with risk? parisha: that seems to be the case. i would add that we have had a significant move higher in dollar-yen. as a result, we are getting increasing levels of intervention. it will make for the rises in dollar-yen st

we heard from kuroda on thursday. bank of japan is quite happy about the weakness of its currency because it helps it achieve in inflation target. we will be at 1.9%, and to the surprise of many, he reiterated he is happy to see the yen weakening. euro-dollar, there was intervention more than 20 years ago. we are very far away from that. i don't think we are in for intervention anytime soon. dani: i find the point about kuroda interesting, because you could say a weaker currency is good for exporters, but is that even true in this environment given exporter pain with supply constraints? christian: that is a fair point. i think there are more concerns about getting the inflation target of 2%, hitting it. it is a once-in-a-lifetime chance. japan has had chronic disinflation and deflation and we will be at 1.5% and they think this is a once-in-a-lifetime chance of hitting 2% on inflation. dani: we are not going to have you on the program and talk about the yen without trying to get a call from you. could you see the yen

the boj next move as governor kuroda warned the 2% inflation target is not sustainable.is the first time the reading has hit that level since 2008. kyoto news reporting prime minister premier kishida's approval rating rose to the highest since he took office. biden will be meeting with kish ida before a summit with japan, australia, and india. >> he previously served as the ambassador to the u.s., ichiro fujisaki. we heard perhaps fumio kishida was ready to announce an increase in defense spending. what are you expecting from these talks? >> thank you very much for having me. i think president biden has intervened at the right time. there is an anxiety in the region about u.s. engagement after the invasion of ukraine by russia. i think he comes to korea and japan to assure us the u.s. is fully engaged in this area. we are very happy about it. >> -- >> the ask for defense spending is not u.s. pressure. it is because of the situation around japan. that is the consensus, that we have to increase defense spending. to what level is a different view, but we cannot just stay li