Yen at 100 Per Dollar Endorsed by Japan Official Nishimura

Yen at 100 Per Dollar Endorsed by Japan Official Nishimura

Kiyoshi Ota/Bloomberg

U.S. one-hundred dollar banknotes, left, and ten-thousand yen banknotes. Nishimura said in an interview today in Tokyo. He said a level of 110 to 120 would raise import costs, echoing the view of Abe’s adviser Koichi Hamada and suggesting that the government won’t back a currency free-fall.