Japanese Finance Minister Taro Aso and Economy Minister Toshimitsu Motegi were on the wires earlier with comments
Reuters have a bit more detail up now:
- Aso said on Tuesday that he did not see problems with the dollar weakening to around 110.80 yen, but that big swings in currencies would be problematic.
- Aso also said that he appreciated Bank of Japan Governor Haruhiko Kuroda's efforts towards achieving its 2 percent inflation target,
- "The global economy is steadily growing as a whole. With the dollar at around 110.80 yen, I don't think it is a big deal,"
- "The biggest problem would be sudden up and down movements in currencies. I don't see problems as long as currency moves are steady,"
- "The Bank of Japan has been continuing its efforts to defeat deflation and patiently trying to achieve the price stability target under Governor Kuroda, so we appreciate it."
Economy Minister Toshimitsu Motegi stuck to government's standard line that foreign exchange rates are decided by the market based on various factors,
- When asked about the recent rise in the yen and whether the Bank of Japan triggered it. "I want to closely monitor the impact that moves in foreign exchange and other financial markets have on Japan's underlying economy"
