Taro Aso, minister for economic and fiscal policy, said Friday that he does not advocate promoting a weak yen to boost the economy -- a negative reference to remarks made Wednesday by Bank of Japan Gov. Masaru Hayami.
"Fundamentally, it is wrong to welcome the weakening of your country's currency," Aso told a news conference held after the day's Cabinet meeting.
"I do not support the idea of allowing the yen to move lower in order to ease the pressure of deflation, as a weaker yen could trigger selling of Japanese stocks by overseas investors," he said.