Vice-Minister for International Affairs Masatsugu Asakawa quoted by Nikkei press 16 May 2015
- doesn't think US Treasury report on forex will have immediate effect on Japan's currency policy
- excess volatility in FX market may have adverse effect on economy
The comments from the country's top currency diplomat confirms the Japanese govt's commitment to intervene if the yen rise became excessive.
All hot air until the possibility becomes a reality and USDJPY dipping again to 108.70 after failing to breach 109.00 and Nikkei turns lower.
