Liberal Democratic Party’s Yasutoshi Nishimura believes that a yen at 100 to the dollar would not be a problem, Bloomberg reports.
The Bank of Japan adopted a 2% inflation target last week, reports Mitsuru Obe for the Wall Street Journal. [Yen ETF Bounces After Bank of Japan Decision]
“It shouldn’t be criticized even if a monetary policy—which aims at ensuring growth and price stability of any country—has a certain impact on exchange rates as a consequence,” Nakao added in response to growing international criticism of fueling a global currency war.
WisdomTree Japan Hedged Equity Fund
For more information on Japan, visit our Japan category.
Max Chen contributed to this article.