Japan’s Aso: No comments on possibility of currency intervention
|Japanese Finance Minister Taro Aso is on the wires now, via Reuters, declining to comment on the possibility of currency intervention, in light of the latest appreciation in the Japanese yen.
Further comments:
Want to watch further developments
There are nervous moves in the market
Still considering Bank of Japan (BOJ), Ministry of Finance (MOF), Financial Services Agency (FSA) meeting.
G7 is of the view they need to coordinate not just on monetary but fiscal policies.
There are limits to what monetary policy can do, there is meaning to deploy fiscal stimulus.
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