Policy mix between government and BOJ seen in doubt
Yen hovers near 32yr lows vs dlr despite intervention
Suzuki says in constant touch with U.S. on FX policy
Estimates show record spending on yenbuying intervention

TOKYO, Oct 25 Reuters Japanese Finance Minister Shunichi Suzuki said on Tuesday there was no policy contradiction between his ministry39;s yenbuying to support the currency and the Bank of Japan BOJ printing money to sustain its ultraloose monetary policy.

Monetary easing aimed at sustainable and stable price hikes including wage growth, and currency intervention in response to excessive market moves, are different in terms of policy objectives, and thus they are not contradictory, Suzuki said.

The central bank39;s policy was aimed at achieving price stability, not targeting currencies, he said.

Suzuki made the remarks at a news conference when asked whether the BOJ39;s monetary easing may cause excessive yen weakening and whether the policy mix between the government and the central bank was having the intended effects.

The BOJ is set to maintain ultralow interest rates at its twoday policy meeting ending on Friday to support the fragile economy, even at the cost of accelerating an unwelcome fall in the yen to new 32year lows.

Policymakers have voiced concerns about the impact of a weak yen on living costs. And investors regard the BOJ as an outlier for pursuing ultralow rates while central banks elsewhere have raised rates to combat soaring…