Kan says Japan to take 'decisive' currency market action when necessary
TOKYO (Kyodo) -- Prime Minister Naoto Kan said Friday that Japan will take "decisive action" when necessary against excessive currency fluctuations.
It was the strongest statement by Kan aimed at stemming the yen's appreciation against a range of major currencies since he assumed office in June.
Kan also told reporters in Tokyo that he will meet with Bank of Japan Governor Masaaki Shirakawa soon after the latter returns from an overseas trip on Monday.
The prime minister expressed hope that the central bank will act flexibly and implement appropriate measures to address the strengthening of the yen, which is increasingly damaging Japan's export-reliant economy.
Kan also said the government will decide on the outline of new economic measures next Tuesday.
The envisioned measures will especially aim to boost domestic demand and create new jobs, he said.
(Mainichi Japan) August 27, 2010
TOKYO (Kyodo) -- Prime Minister Naoto Kan said Friday that Japan will take "decisive action" when necessary against excessive currency fluctuations.
It was the strongest statement by Kan aimed at stemming the yen's appreciation against a range of major currencies since he assumed office in June.
Kan also told reporters in Tokyo that he will meet with Bank of Japan Governor Masaaki Shirakawa soon after the latter returns from an overseas trip on Monday.
The prime minister expressed hope that the central bank will act flexibly and implement appropriate measures to address the strengthening of the yen, which is increasingly damaging Japan's export-reliant economy.
Kan also said the government will decide on the outline of new economic measures next Tuesday.
The envisioned measures will especially aim to boost domestic demand and create new jobs, he said.
(Mainichi Japan) August 27, 2010