Hayami says weak yen no solution to Japan's woes

JAPAN - Bank of Japan Governor Masaru Hayami said on Tuesday it was neither possible nor desirable for Japan to try manipulating foreign exchange rates, maintaining that a weaker yen was no solution to its economic woes.

Criticising those in favour of weakening the yen to help boost exports, Hayami said it was not feasible for a government to act against today's enormous global capital flow and that such attempts would sow distrust among neighbouring countries.

"That Japan, with such a big econ