Japan FinMin Aso: Y107 to dollar does not prompt Tokyo to take action

By FXStreet Japanese finance minister Taro Aso was out on the wires via Reuters, commenting on the US treasury report and country’s exchange rate level.

Key Quotes:

Y107 to dollar does not prompt Tokyo to take action

Intervention policy not hampered by treasury report

Don’t think US believes Japan’s currency policy is inappropriate

Forex rates don’t affect supplementary budget scale

BOJ negative rate policy not hurting general public

Don’t think US believes Japan’s currency policy is inappropriate

Sudden yen strength, weakness bad; have means to intervene
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Source:: FX Street