Japan finance minister Aso: Sudden FX moves are undesirable

Author: Eamonn Sheridan | Category: News

Japan finance minister Aso comments

  • Will take appropriate measures on forex as needed
  • watching markets closely
  • Japan's econ fundamentals very strong
  • Desirable for currencies to move in stable manner reflecting economic fundamentals
  • Sudden fx moves are undesirable
  • Recent yen moves have been very rough
  • Want to consider policy coordination looking at markets at G20 meeting in Shanghai
  • Will continue to closely monitor forex moves
  • No comment on whether Japan intervened in forex market
  • G7 has agreed that sudden forex moves are undesirable
  • Recent market sentiment is overly pessimistic

Headlines via Reuters 


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