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    Asakawa (Japan) on the JPY

    Japan Finance Ministry’s top currency official Masatsugu Asakawa says that speculative FX moves are “undesirable” and the G-7 and G-20 have agreed that excessive moves are unwelcome.

    Asakawa spoke at Japan National Press Club, where he was scheduled to speak on the Panama Papers. Asakawa says that the recent G-7 summit was the first time for the leaders’ declaration to reference exchange rates; says Japan has no objection to refraining from competitive devaluation.

    More on the USDJPY.

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


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