November 30, 2009 / 2:25 AM / 9 years ago

BOJ's Shirakawa: Stable forex moves desirable

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, Nov 30 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Monday that stable foreign exchange-rate moves were desirable, though intervention was a matter for the government and not the central bank.

“The government, not the BOJ, decides whether to intervene in currency markets,” Shirakawa told business leaders in Nagoya, central Japan.

“The BOJ will closely examine how currency rate volatility could affect the economy,” he said. (Reporting by Leika Kihara) ((leika.kihara@thomsonreuters.com; +81-3-6441-1828; Reuters Messaging: leika.kihara.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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