IMF now comments on yen exchange rate - makes case for intervention ...Middle East

More again from Krishna Srinivasan, director of the IMF's Asia and Pacific Department: Had good discussions on exchange rates with Japanese authorities, who were committed to flexible exchange rates which act as a shock absorberFx intervention could lower excess volatility and better align exchange rate moves with fundamentals---Earlier, wide-ranging, comments:International Monetary Fund (IMF) says it wants policy easing from People's Bank of ChinaIMF says it expects Japan's inflation to exceed 2% target until 2025USD/JPY showing little response, its come back from its trip towards 147.20: This article was written by Eamonn Sheridan at www.forexlive.com.

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