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.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Economic News