Reuters: US Dollar Report: BOJ Gov Shirakawa says watching yen moves carefully

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

BOJ Gov Shirakawa says watching yen moves carefully May 31st 2012, 07:08 TOKYO | Thu May 31, 2012 3:08am EDT TOKYO May 31 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Thursday the central bank does not directly target asset prices in guiding monetary policy but is watching currency moves carefully. "In terms of asset prices, currency and share price moves have the biggest effect on corporate sentiment," Shirakawa told a parliamentary session. "Sharp rises in the yen would have a negative impact on the economy by hurting corporate profits and sentiment, so we need to watch moves carefully," he said.

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