Japan’s Kanda: No change to our stance to take appropriate action on FX as needed

Japan’s vice finance minister for international affairs Masata Kanda is on the wires saying:

• No change to our stance to take appropriate action on FX as needed.
• Walt commen on what specific measures we could take when asked about chance of joint FX intervention
• Won’t to comment on how we assess recent USDJPY moves.
• They will not rule out any options in dealing with FX moves.
• No plaintiff like FX issue at G7, G 20 meetings as both do not have global economy set as agenda, but authorities are always in very close contact on regular basis

Won’t comment, but the saber rattling – as the USDJPY trade at highest level since 1990 – continues.

This article was written by Greg Michalowski at www.forexlive.com.