BOJ's Muto says weak dollar behind easing

Deputy Governor of the Bank of Japan Toshiro Muto said on Friday 30 January that the BOJ needed to pay attention to the effects of a weak dollar and that those effects were in mind when it decided to further ease monetary policy recently.

"There was no change to our basic economic scenario," he told a business seminar in the city of Saitama, just north of Tokyo.

"So why did we ease policy? No end to deflation was seen and there are the effects of the weak dollar. We need to make our position ve