31 October 2001, 08:51 Stronger yen could undermine Japan economy - BoJ director
HONG KONG (AFX-ASIA) - Bank of Japan executive director Masayuki
Matsushima said a stronger yen could undermine Japan's economic growth,
but added that the Japanese central bank has no plan to weaken the yen.
Speaking during a question-and-answer session at the World Economic
Forum East Asia Summit here, Matsushima said with Japan's current
economic problems, any appreciation of the yen could undermine its
economic recovery.
"There is no reason for the yen to appreciate," he said, adding
that the central bank has no intention of manoeuvring for a weaker yen.
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