Japan finmin Kato:
- Won’t comment on forex levels
- Recently seeing one-sided, rapid moves
- Important for currencies to move in stable manner reflecting fundamentals
- Interest rates are driven by various factors
- Important for government to closely monitor bond market development
- Will closely continue dialogue with market participants, pursue appropriate bond management policies
- Will assess economic impact of U.S.-China trade rows
- Up to BOJ to decide on monetary policy decisions
- Believe growth strategies were not sufficient under Abenomics
Kato is the boy who cried wolf. Actually, let me restate that, Kato is the boy who cried.
