Business tycoon: Japan should target the yen-dollar Exchange Rate in the range of 120-130

Sina Financial News A head of a business and industrial group said that the Japanese government and the Central Bank should start targeting the yen-dollar Exchange Rate between 120-130 yen, which is currently too weak for troubled small and medium-sized enterprises. Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, said in an interview on Thursday that when the yen Exchange Rate against the dollar was around 150, small and medium-sized enterprises were already in a very difficult situation. Kobayashi said the range of 120 is a more appropriate Exchange Rate level for companies, providing them with greater operational flexibility. He said it would be ideal if the authorities could develop a policy to keep the yen Exchange rate within that range.