Japan finance minister Kato:
Won’t comment on forex levels Important for currencies to move in stable manner reflecting fundamentals Alarmed over FX moves, including those driven by speculatorsDon't be fooled by his reference to 'FX' levels and moves - he is talking about the yen specifically.
Its been a wild ride for the yen over recent days, Kato would like the currency to trade in a more stable fashion.
On other matters:
Aware of reported plan on new tax, no specific plan in mind to use this as a new funding sourceBelieve the ruling parties, opposition will deepen discussions on funding source as they plan to abolish gasoline surcharge taxInterest rates are determined by various factorsWill closely monitor JGB market movements, will pursue appropriate debt managementDiscussing how to request debt servicing costs for budget next fiscal year This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about japan finance minister kato alarmed over fx moves including those driven by speculators was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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