Japan’s Fin Min Jojima: Ready to intervene in FX Markets if necessary

  • Watching markets closely and sees recent yen appreciation and disorderly moves as a downside risk to the economy.
  • Intends to do everything to beat deflation, Govt and BOJ will work together on deflation
  • Strong yen doesn’t reflect Japan’s weak economic fundamentals
  • Need to continue to implement economic measures

Nothing new here…. ‘ actions speak louder than words’

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