BOJ Nakaso: Must look at pass-through effects of FX on economy, prices

TOKYO - Bank of Japan Deputy Governor Hiroshi Nakaso said on Monday it was "very important" to look not just at the first-round effects but the full pass-through effects of currency moves on the economy and prices. "It's desirable for currency rates to move stably reflecting economic fundamentals," Nakaso said. "The desirability of currency stability is widely shared by the Japanese industry," he said in a seminar hosted by Keio University. -Reuters