Comments from Japan finance minister Aso:

  • No comment on S&P downgrading japan as that had no market impact
  • Fed decision to hold interest rates likely reflected opinions voiced at the latest G20 meeting
  • Many countries including brics voiced concerns at G20 that rapid u.s. rate hikes could cause economic slump in other countries
  • Understand there are countries that are concerned about 'capital flight' that would be caused by rapid US rate hikes
  • No doubt US low interest rates have supported emerging countries' growth
  • US keeping interest rates below 1 pct for such a long period of time is abnormal