Japanese Economic Minister Shindo says important for currencies to move in stable manner

Japanese Economic Minister Shindo

  • Must carefully monitor whether output gap to remain in growth
  • 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