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Japanese FinMin: Strong Yen Harmful To Economy 74 days ago
(RTTNews) - Friday, Japanese Finance Minister Hirohisa Fujii said the strength of the yen is harmful to the economy. Appreciation of yen against dollar threatens export earnings of Japan. "I am nervously watching the foreign exchange market carefully", he said. There is no doubt that the movement of yen is one-sided and government response is possible, said Fujii.
Yesterday, he said the government in closely watching the upward movement of yen and the government would take appropriate measure if currency moves are 'abnormal'. A strong U.S. dollar is in the interests of the U.S. and he reiterated his support for the strong dollar policy.
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