Out-of-step BoJ board member helps constrain yen

JAPAN - A Bank of Japan policy board member suggested yesterday that the central bank should acquire at least Y200bn ( £1.1bn) of foreign bonds every month in an attempt to fulfil its legal duty to stabilise prices.

The comments, by Nobuyuki Nakahara, one of the most outspoken of the nine-member board, contributed to the continued weakness of the yen, which traded in Tokyo yesterday at an eight-month low to the dollar of about Y126.4.

Mr Nakahara has suggested in previous monthly meetings that