- Says Japan cabinet approves bridging bond plan .
- Recent Yen advance is one-sided.
- Stands ready to act decisively on forex if needed.
- Will monitor forex market more closely.
- Won’t rule out any options to avert excessive FX moves.
- Recent Yen move doesn’t reflect Japan economy’s state.
- The IMF’s view that the Yen is moderately overvalued shows that other countries are starting to share Japan’s views on currencies.
Would you expect anything else out of him . (I believe that’s the first I heard him mention the IMF ?)
Usd/Jpy at 78.15 !!
