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Japan PM Kan: Will take firm measures on currencies when necessary
- Will meet with BOJ Governor when he returns from overseas trip
- Excessive currency moves can have negative impact on financial stability
- Expects BOJ to take appropriate monetary policy action
- Watching currency markets with great interest
- Will decide on measures on econominc stimulus, strong yen, on Aug 31
- Will bring forward growth strategy policies due to downside risks from yen, overseas economies
Hi Gerry
Does this mean anything to YEN? Did he say anything new today?
“Firm Measures”?? It sounds like he is ready to intervene anytime?
Thanks
Nothing new to me Manoj…same o’l same o’l
seriously he’s fast becoming a joke.
[...] Japan PM Kan: Will decide on measures on economic stimulus, strong yen on August 31 [...]