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BOJ’s Nakamura says stable $/yen moves good for economy -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A man passes the Bank of Japan in Tokyo on March 17, 2010. REUTERS/Toru Hainai

TOKYO (Reuters), Toyoaki Nagura, a Bank of Japan member, stated Wednesday that Japan’s economy will benefit if it moves steadily within its current range of 103-115 yen.

Nakamura said that the exchange rate movements have been relatively stable in comparison to previous periods.

Companies should expect currency rates to remain stable. He said that if the dollar/yen stays within the current range of around 103 to 115, it will be easier for businesses to make business decisions.”

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