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Aso says Japan is ready to intervene if yen moves rapidly

  • May 9, 2016
  • , Nikkei evening edition , p. 1
  • summary

Monday evening’s Nikkei front-paged a report on remarks made by Finance Minister Aso at an Upper House Audit Committee session on Monday, during which he said that the government is ready to intervene in the currency market if the yen rises rapidly against other currencies. Aso was quoted as saying that rapid fluctuations in the exchange market are undesirable. Concerning the U.S. decision to add Japan to a new foreign exchange policy watch list, Aso said that Washington does not view Tokyo’s exchange policy as inappropriate. He also said the U.S. appears unlikely to take any action on the issue and Japan is not subject to any restrictions. Most Tuesday morning papers ran similar inside-page reports.

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