WASHINGTON (MktNews, Wednesday) - Top White House economic adviser Lawrence Lindsey said Wednesday the yen's value may alter as a result of structural economic reforms, but repeated that the United States does not support yen depreciation as a means to boost the economy.
"If the government of Japan undertakes restructuring and, as a result, the market moves the yen up or down, then we recognize it as a market-driven and not a government-driven decision. So that will be fine," Lindsey told the Nihon Keizai Shimbun.
But he repeated that this does not mean "it is appropriate for Japan to simply depreciate the yen as a way of solving its economic problems."