An IMF official says sees Japan as fully committed to flexible exchange rate regime

  • IMF sites fundamentals (rate differentials) for weak yen

International Monetary Fund (IMF) official:

  • Asian central banks should focus on fundamentals and domestic conditions, rather than fed moves
  • We see Japanese authorities fully committed to flexible exchange rate regime
  • Yen depreciation reflects interest rate differentials, other factors
  • In close touch with Japanese authorities on factors impacting yen

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