Japan PM Takaichi: Will take appropriate actions on FX if necessary

• Will make appropriate economic, fiscal decisions at appropriate timing while taking into account interest rates, FX and prices
• Watching market moves closely
• Important for currencies to move in stable manner reflecting fundamentals
• Difficult to single out impact of fiscal policy on interest rates, FX as they are determined by various factors

Feels like Japanese officials are really getting worried about the JPY weakness despite the incoming BoJ rate hike. I think part of the problem is that they’ve waited for too long and are now considering rate hikes right when the others are shifting to a hawkish stance too.

This article was written by Giuseppe Dellamotta at investinglive.com.