“Excessive volatilityinexchange rates is not desirable for economicgrowth,” Fukushiro Nukaga, financeminister, said after the currency broke below the key Y100 mark.
Some of his cabinet appointments reflect this change of focus: the new finance minister, FukushiroNukaga, and the new chief cabinet secretary, Kaoru Yosano, are supporters of fiscal restructuring and have better relations with the bureaucracy than their predecessors.