BOJ's Hayami - yen's fall too steep

JAPAN - The yen's recent fall has been too steep for his liking but an exchange rate of 130 to the dollar would benefit Japanese exporters, Bank of Japan governor Masaru Hayami said in a newspaper interview.

Hayami also told the Nihon Keizai Shimbun in an interview for its Thursday edition that Japan may be on the eve of a deflationary spiral and that the central bank's monetary easing has yet to produce results.

Asked if authorities should nudge the yen lower to revive the ailing economy, Haya

To continue reading...