Japanese Finance Minister Katayama says won't comment on specific FX levels, but reiterates ready to respond appropriately to currency moves

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PRE-MARKET CHINESE STOCK NEWS: China Vanke (2202 HK) appointed Yu Huang as president, effective immediately

PBoC sets USD/CNY mid-point at 6.8047 vs exp. 6.7808 (prev. 6.8088)

Japanese Finance Minister Katayama says won't comment on specific FX levels, but reiterates ready to respond appropriately to currency moves

Japanese Trade Minister Akazawa affirms there are various factors that drive FX rates, but makes no specific comment, adds need to monitor and respond to FX impact on small firms

Canadian PM Carney says agreed with Alberta that the best route for a new pipeline is south through the Trans Mountain corridor to the Pacific coast, while government, Alberta and Oil Sands Alliance agreed on terms to launch pathways project

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Says:

  • Will conduct appropriate economic policy and monetary situations.
  • No change in our stance about FX policy.
  • Will conduct fiscal policy with efforts to gain market trust, when asked about higher JGB yields.
  • Specific monetary policies are up to the BoJ.
  • Expect BoJ to conduct appropriate monetary policy while coordinating with the government.

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