Yes, really. Key takeaway is that these sorts of comments are made when Japanese authorities are getting concerned about a strengthening yen
Senior Ministry of Finance official
- no comment on forex levels
- forex stability is important
- continue to watch forex markets with a sense of urgency
That 'stability' word - what the official means is the ministry is concerned about a rising yen. One of the impacts is it weighs on the stock market, reduced the competitiveness of exporters and is a negative for the share prce.
