Japan’s economy minister Kuichi’s comments are here.
If they were meant to be yen supportive they aren;t achieving that goal.
Officials in Japan are concerned on two fronts now:
- the pace of ongoing yen weakness
- the level of the yen … this is not usually what they are concerned about but this time they are
The loudly shouted fiscal support measures from the new incoming PM and team are weighing on the yen.
This article was written by Eamonn Sheridan at investinglive.com.