Japan LDP’s Shimomura hopes the yen doesn't get much cheaper than its current level

Bloomberg reports comments on the Yen from a senior member of Japan's ruling Liberal Democratic Party (LDP), Hakubun Shimomura, delivered in an interview earlier this week.

Key Quotes:

"If the yen weakens too much, import prices go up"

“With most of the nation's nuclear reactors offline and Japan importing more energy, it was "even more the case"

“Higher import prices could also hurt small businesses that rely on materials from overseas”

"I hope the yen doesn't get much cheaper than its current level"