27 November 2001, 08:28  Shiokawa believes BoJ may aim to see dollar above 125 yen

TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said he believes the Bank of Japan may aim to see the dollar rise to above the 125-yen level last seen in March after the central banks' introduction of monetary easing. Shiokawa stressed that this is one option available to the BoJ. Asked whether the bank aims to see the yen fall to below 125 to the dollar, Shiokawa said: "I sense that is what the BoJ intends. I cannot say it is inappropriate." Bank of Japan deputy governor Yutaka Yamaguchi said yesterday that, though the yen had eased recently, the currency was not so weak relative to levels seen last March, when the dollar rose above the 125 yen. "Yamaguchi is outlining one of the directions open to BoJ. We will not reject that option and I think it is an appropriate idea," Shiokawa said. Asked whether the ministry may introduce a group corporate tax payment system from April, he said: "There is a strong enough possibility to do so."

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