Japanese Economic Minister Shindo
-
Must carefully monitor whether output gap to remain in growth
territory - Japan’s consumption
turned to contraction due to inflation, seen unstable - Important for
currencies to move in stable manner reflecting fundamentals - Won’t comment on
forex levels -
Weak yen has various effects on economy such as raising import costs
for consumers, improving competitiveness of exporters
Adding to remarks earlier from the fin min:
This article was written by Eamonn Sheridan at www.forexlive.com. Source