BOJ Governor Shirakawa is on the wires
- Yen rise will lower prices in the near term
- Watching econ impact of forex moves
- Forex moves should be set by market in stable manner
- Yen rise may support economy in long run
- Must look at overall economy in gauging impact of yen’s rise
- No comment on forex intervention. Under jurisdiction of MOF, not BOJ
USD/JPY down at session low 90.60 at writing.
