updated 12/21/2012 4:41:32 AM ET 2012-12-21T09:41:32

TOKYO (Reuters) - Japan should consider how to keep the dollar at around 85-90 yen, a senior Liberal Democratic Party (LDP) official was quoted as saying by Kyodo news agency on Friday, suggesting that the incoming government may try to avoid wide currency swings.

"I don't think the weaker the yen, the better. We need to consider how to keep (the dollar) around 85-90 yen," Shigeru Ishiba, secretary-general of the LDP, restored to power in Sunday's general election, was quoted as saying in a TV program.

The yen has fallen almost 9 percent against the dollar since September as LDP head and incoming prime minister Shinzo Abe has raised market expectations of more expansionary policy and spending.

(Reporting by Tetsushi Kajimoto)

(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.99%
$30K home equity loan FICO 6.18%
$75K home equity loan FICO 5.97%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 11.01%
11.01%
Cash Back Cards 16.34%
16.34%
Rewards Cards 15.80%
15.80%
Source: Bankrate.com
  1. Jump to text

    TOKYO (Reuters) - Japan should consider how to k...

  2. Jump to discussion

    Japan LDP executive: must seek ways to keep doll...

  3. Jump to data

    See the latest rates around the country