Japan’s Deputy Finance Minister Akazawa:
And Bank of Japan Governor Ueda weighs in further:
- Desirable for currencies to move stably reflecting fundamentals
Earlier this week we had an ex-Ministry of Finance guy saying the yen is trading in line with fundamentals:
We’ve been saying the same thing over and over again at ForexLive for months. Sheesh.
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And, back to Ueda, more again:
- It’s true consumption in latest gdp data somewhat weak
- Want to gauge
whether consumption continues to recover moderately by looking at
various data - Service consumption
is rising, but consumption of goods that saw sharp price rises such
as food, daily necessities is somewhat weak - Key to consumption
outlook is whether wages will continue to rise