Continued yen slide will have some negative side effects: BOJ deputy chief

Tokyo

A CONTINUOUSLY falling yen is not a benefit to the Japanese economy, because a weak currency has some negative side effects, Bank of Japan (BOJ) deputy governor Kikuo Mr Iwata said on Tuesday.

Mr Iwata also said the BOJ is not relying on a weak yen to meet its 2 per cent inflation target, in comments before the upper house fiscal and monetary policy committee.