Not sure if there’s much point in mentioning each time a Japanese official turns up on the newswires with some talk of excessive JPY strength. The market is not paying much attention to them anymore. Noda has nothing new to say, merely that they discussed the JPY rise at this morning’s government meeting.
Interestingly, BoJ Governor Shirakawa says that Forex and monetary policy were not discussed at this morning’s government meeting.
Perhaps there are two governments?
