Japan economy minister Amari commenting on the wires

  • External factors bigger than domestic factors as cause of Japanese stock market declines
  • Lower oil prices will improve Japan's terms of trade
  • Continued oil price falls not good for world economy
  • Need to expand domestic demand
  • China woes, mid east contribute to global stocks drop


Also, from Japan finance minister Aso:

  • No problems with fundamentals of Japan's economy
  • China market had big effect on market turmoil
  • Large fall in China's FX reserves has a large impact
  • May be difficult for China to continue to support its currency given declines in its FX reserves


There you go.

Thanks guys.

Thanks a lot.