BOJ Nishimura: yen's rise could be drag on economy
Bank of Japan Deputy Governor Kiyohiko Nishimura said on Wednesday the yen's rise could be a drag on the economy.
The yen's current gains reflect concerns about the outlook for Europe and the U.S. economy, Nishimura was quoted as telling cabinet members in a meeting on the government's monthly economic report.
Uncertainties behind the yen's rise are expected to recede, Nishimura was quoted as saying by Keisuke Tsumura, a parliamentary secretary at the Cabinet Office. (Reporting by Tetsushi Kajimoto, Kaneko Kaori)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick