Japan closely watching yen moves 'with urgency': Finance Minister Aso

FILE PHOTO - Japan's Finance Minister Taro Aso answers a question during a news conference of the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 9, 2019. Eugene Hoshiko/Pool via REUTERS

While declining to comment on specific foreign exchange levels, Aso underscored the importance of stability in the Japanese currency, which tends to be perceived as a safe-haven asset attracting demand when global markets are volatile. “Currency stability is important. We must closely watch the currency market moves with a sense of urgency,” Aso said.

The enormous current account surplus caused by Japan's massive quantitative easing of capital entry in the international market is the main reason behind the strong yen.

I think FUKUOKA may become my new response to idiotic Trump supporters!!

this guy gets it

I believe only 3 places US can easily robber now: Japan, Taiwan and Canada. believe even Mexico has some ways to deal with US, sending more refuges. lol...

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