Japan Finance Minister cuts:
- Will not comment on foreign exchange levels
- It is important to move in a significantly stable way for currencies
- Concerned over FX moves, including people run by bookies
Do not be foolish with the context of ‘FX’ levels and moves – he is especially talking about yen.
It is a wild ride for yen in recent times, the Kato will want to trade the posture in more stable fashion.
On other cases:
- Informed of the plan reported on the new tax, there is no specific plan to use it as a new funding source
- The ruling parties believe, the opposition will deepen the discussion on the funding source as they plan to end gasoline surcharge tax
- Interest rates are determined by various factors
- JGB will closely monitor market movements, pursue proper debt management
- How to request loan servicing cost for budget for next financial year
This article was written by Eamonn Sheridan on Investinglive.com.
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