Reuters: US Dollar Report: BOJ deputy gov: steep yen rises may hurt economy

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BOJ deputy gov: steep yen rises may hurt economy Jul 2nd 2012, 05:24 TOKYO, July 2 | Mon Jul 2, 2012 1:24am EDT TOKYO, July 2 (Reuters) - Bank of Japan Deputy Governor Hirohide Yamaguchi said on Monday sharp rises in the yen due to Europe's debt woes could hurt Japanese firms' profits and the country's economy. "The European Union summit (last week) did not lead to a fundamental solution to the region's problems. Markets' undertone remains nervous," Yamaguchi also said at a Tokyo-Beijing forum hosted by a nonprofit organisation.

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