Japanese finance minister Katayama:
- Closely watching FX moves with a high sense of urgency
- Won’t comment on forex levels
- Recent FX moves are sharp, one-sided
- Important for currencies to move in stable manner reflecting fundamentals
- Will take appropriate action based on U.S-Japan forex agreement
- At my meeting with BoJ Ueda and economy minister, Ueda explained that BOJ will gradually adjust degree of monetary support in accordance to economic, price improvements
- At meeting, three of us also reaffirmed we will coordinate closely on market developments
- Specific monetary policy means up to BOJ to decide
I spoke about the language choice implications here a few minutes ago:
Same.
This article was written by Eamonn Sheridan at investinglive.com.