Japan Finance Minister Jun Azumi on Wednesday said he is closely monitoring currency moves and stands ready to take appropriate actions if needed.
First Deputy Managing Director of the International Monetary Fund David Lipton said last week that the Japanese yen is moderately overvalued. The exchange rate has appreciated over the last year, partly because of inflows of capital seeking a safe haven.
The IMF urged the central bank to substantially expand the current asset purchase program to increase the likelihood of achieving the 1 percent inflation goal by 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.