Japan’s Shindo: Important for currencies to move in stable manner reflecting fundamentals

Japan’s newly appointed Economy Minister Yoshitaka Shindo said on Tuesday, “it is important for currencies to move in a stable manner reflecting fundamentals.“

Further comments

Must carefully monitor whether output gap to remain in growth territory.

Japan's consumption turned to contraction due to inflation, seen unstable.

Won't comment on forex levels.

Weak Yen has various effects on economy such as raising import costs for consumers, improving competitiveness of exporters.

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