Japan’s Kato: Will closely monitor impact of Trump's policies on Japan's economy

Dhwani Mehta FXStreet

Japan’s Finance Minister Katsunobu Kato on Friday that he “will closely monitor the impact of Trump's policies on Japan's economy.”

Additional quotes

Won't comment on forex levels.

Important for currencies to move in stable manner reflecting fundamentals.

Will take appropriate steps on excess moves.

Have seen one-sided and drastic moves on the currency market.

Will closely monitor currency moves, including those driven by speculators with utmost sense of urgency.

Meanwhile, Japan's Economy Minister Ryosei Akazawa noted that he ”expects private spending to increase with rising wages.”

Market reaction

USD/JPY is back under 153.00 following these above comments, losing 0.08% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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