Home Japan’s Asakawa: Will take appropriate steps on FX if needed

Japan’s Asakawa: Will take appropriate steps on FX if needed

Published date: 4 Jan. 2019 | 05:37

Japanese Ministry of Finance (MoF) official Asakawa is back on the wires now, via Reuters, noting that the Ministry will take appropriate steps on FX if needed.

Additional Comments:

FX moves are very volatile, I am worried.

G7 and G20 have confirmed cooperation on FX is possible if needed.

Excessive FX moves are undesirable for a stable economy.

Shrinking US-Japan spreads is one reason for yen strength.

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