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Japan finmin Kan says wants yen to weaken more

Published 01/07/2010, 02:02 AM
Updated 01/07/2010, 02:06 AM

(For more stories on the Japanese economy, click)

TOKYO, Jan 7 (Reuters) - Japan's newly appointed Finance Minister, Naoto Kan, said on Thursday he would work with the Bank of Japan to bring the yen to an appropriate level given the currency's impact on the economy.

"It would be nice if the yen weakened a bit more," Kan, who is also deputy prime minister, told a news conference.

Kan was named on Wednesday to replace 77-year-old Hirohisa Fujii, who stepped down for health reasons.

A weak yen would benefit Japanese exporters as it boosts the competitiveness of their goods overseas. (Reporting by Tetsushi Kajimoto and Stanley White)

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