Comments from Japans Economy Deputy Minister Nishimura:
The comments from Nishimura are from a Thursday interview and just crossing the wires about 15 minutes ago. Which might explain why they have had basically zero impact. Its not because no-one cares much ahead of the NFPs. Yeah, not much ...
- "There is no doubt that a weak yen is basically positive for Japan's economy"
- "This is a good environment for exporters"
- Weak yen effect in encouraging companies to shift production back to Japan, securing domestic jobs, is "good"
- He declined to comment on whether current yen level is appropriate
- Says the government is taking steps to alleviate negative effects of weak yen on companies in agriculture, fisheries, others
via Bloomberg
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Something for everyone from Nishimura
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USD/JPY has stabilsed after coming off a little:
