Japan vice economic minister sees Yen as corrective after excessive appreciation

FXstreet.com (Barcelona) - The second in command at the helm of the ministry of economics in Japan is crossing the wires, saying he sees no problem in current Yen moves, which are "correction of excessive Yen strength", repeating Amari's remarks.

He also said the government and the BoJ "have largely agreed on joint statement", due to be announced next Tuesday, and expected to mention the 2% inflation target. The vice econ minister adds that there is no decision on the length to meet the 2% inflation goal. He faled to provide clarity on the whether or not the BOJ will also set an employment mandate. Regarding the loose policies from the BoJ, he supports more radical monetary easing.