The government is stepping up its monitoring of speculative moves in the currency market as the yen is showing “volatile” movement, Finance Minister Jun Azumi said Friday, hinting intervention hasn’t been ruled out if the currency gets too strong.
Azumi also voiced his disappointment that Greece has to hold a second general election within two months, an event widely seen as a de-facto referendum on whether the country will remain in the eurozone. Uncertainty over the single-currency bloc has again caused aggressive buying of the yen as a safe-haven asset.
Excerpt from: Azumi jawbones yen ‘speculators’ and won’t rule out intervention
Finance Minister Jun Azumi said Wednesday he has spoken with Italian Prime Minister Mario Monti about the possibility of increasing resources at the International Monetary Fund to prevent the eurozone’s sovereign debt crisis from spreading to bigger economies.
“We exchanged views to some extent,” Azumi said after meeting with Monti at a Tokyo hotel. He also said they discussed fiscal problems in Europe, as well as economic relations between Japan and Italy.
Here is the original post: Japan may up IMF funds for Europe
The government plans to compile its first stopgap budget in 14 years in light of the trouble it had getting the fiscal 2012 budget through the opposition-controlled Upper House, Finance Minister Jun Azumi said Friday.
Since the initial
Finance Minister Jun Azumi said Friday he will join a meeting of the Group of 20 finance chiefs this weekend in Mexico but will shorten his attendance.
“We will discuss the (debt) crisis in Europe, including the problems in Greece,” Azumi told reporters, adding he will explain to other G-20 finance ministers and central bank governors about the economic conditions in Japan and Tokyo’s efforts to rehabilitate its debt-laden public finances. He is also planning to have bilateral talks.
See original here: Azumi plans G-20 Mexico meet flyby
Japan and China “will coordinate closely and will jointly respond” if the IMF asks for more cash to help it deal with the eurozone debt crisis, Japan finmin Jun Azumi says while on a visit to China. Jun Azumi didn’t say how much either country would put in, although it would help if Europe could work out a solution. 3 comments!
Follow this link: Japan and China "will coordinate closely and will jointly respond" if the IMF asks for more cash to help it deal with the eurozone debt crisis, Japan finmin Jun Azumi says while on a visit to China. Jun Azumi didn’t say how much either…
Japanese Finance Minister Jun Azumi said his nation and China will work together to help Europe solve its debt crisis through the International Monetary Fund.
See original here: Japan, China to Help Europe Solve Crisis Via IMF, Azumi Says
In a rare remark indicating the level that could trigger intervention in financial markets, Finance Minister Jun Azumi said Friday he instructed monetary authorities in October to step in to stem the yen’s rise after the dollar fell to