Weak yen positive for economy if synchs with fundamentals: BOJ's Kuroda

(Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday that the yen's weakening is broadly positive for the Japanese economy as long as it reflected the underlying fundamentals.

DPJ Policy Chief Proposes Japanese Sovereign Wealth Fund

TOKYO—Japan should consider setting up a sovereign-wealth fund to both take advantage of the strong yen and try to push down the currency, Seiji Maehara, policy chief of the ruling Democratic Party of Japan said Wednesday.

"We need to think of ways to convert the yen into foreign currencies, and I've told the prime minister we should consider it," Mr. Maehara said in an interview, adding that Prime Minister Yoshihiko Noda said he would look at such a move.