Japan Could Benefit From Strong Yen, Aide Mizuno Says
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Japan should consider ways to benefit from a strong currency because the yen is likely to stay expensive against the dollar in the medium term, a government official said.
“Japan should change its structure to raise living standards using the strong yen,” by encouraging overseas mergers and acquisitions and purchasing mining rights for natural resources, Kazuo Mizuno, deputy director-general of economic assessment at the Cabinet Office, said in an interview in Tokyo today.