Japan finance minister Kato:
- Forex developments could impact the Japanese economy and affect people's lives through import costs.
- Will respond appropriately while monitoring forex impacts.
There was much concern in Japan when the yen was declining rapidly, as it pushed up the price of imports. Now the yen is finding some strength its curious what Kato is saying. Perhaps he is tryui9ng to push the yen up even more?
The immediate response was a dip for the currency (USD/JPY up_:
