TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said a sharp rise in the dollar/yen will be a problem and that he hopes for stable currency levels.
"I think a sharp rise in the dollar will be a problem and I hope the dollar/yen will move stably," Shiokawa told a regular briefing when asked whether further easing by the Bank of Japan will increase downward pressure on the yen.
"I hope the BoJ will ease further its monetary policy to correct the current level of prices because falling prices due to dumping of retail goods is not good," he added.
"If unemployment reaches a critical situation, the government needs to consider additional spending as a countermeasure," Shiokawa added.