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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