Japan PM Kishida: Rapid yen weakening is a source of concern

  • Kishida remarks on the Japanese yen
  • Specific monetary policy tools are up to the BOJ to decide
  • Must consider monetary policy and FX measures separately
  • Must closely watch exchange rate moves

The typical jawboning from Kishida. This isn't anything new as the remarks have been served up by Japanese officials ever since USD/JPY broke 120 and now we're at 135 already.

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