TOKYO, Dec 5 (Reuters) - Japanese Economics Minister Kaoru
Yosano said on Friday he welcomed interest rate cuts by the Bank
of England and the European Central Bank, saying the moves should
have a favourable impact on the Japanese economy.
"If (the rate cuts help) the European and British economies
recover, that will have a big impact on the Japanese economy,"
Yosano told a news conference after a cabinet meeting.
Asked about the possible impact on the yen, Yosano said
interest rate differentials alone could not determine currency
rates.
(Reporting by Tetsushi Kajimoto)
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