Japan chief cabinet secretary Hayashi says no comment on daily stock marekt moves

Japan chief cabinet secretary Hayashi is probably eyeing the impact of Uchida’s loose lips:

• Didn’t take much for yen to collapse: BOJ official says won’t raise rates if mkt unstable

• BOJ deputy governor Uchida says the Bank’s interest rate can change if needed
• USD/JPY surging on Ushida speech
• More from BOJ dep Gov Uchida: Appropriate to adjust degree of monetary easing

Hayashi:

• no comment on daily stock market moves
• will do utmost in managing economic, fiscal policy while working with Bank of Japan
• No change in government policy to promote shift to investment to savings

Nikkei update, doing better than the yen:

The Nikkei surged while the yen was weakening. Its collapsed as the yen gained and is bouncing back a little further today.

This article was written by Eamonn Sheridan at www.forexlive.com.