Japanese Finance Minister reiterates that FX intervention remains an option and they are not conducting expansionary policy
Importance
Level 1
- Confidence future bond auctions will be successful.
- Gov't will engage with the BoJ and other parties to restore confidence in the market.
- Stabiliser measures have been taken in the last 4 months.
- Does not see Japan as a canary in the coal mine.
- Fiscal deficit is smaller amongst other G7 nations.
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