Japan chief cabinet secretary Hayashi is probably eyeing the impact of Uchida’s loose lips:
Didn’t take much for yen to collapse: BOJ official says won’t raise rates if mkt unstableBOJ deputy governor Uchida says the Bank’s interest rate can change if neededUSD/JPY surging on Ushida speechMore from BOJ dep Gov Uchida: Appropriate to adjust degree of monetary easing
Hayashi:
no comment on daily stock market moveswill do utmost in managing economic, fiscal policy while working with Bank of JapanNo change in government policy to promote shift to investment to savings
Nikkei update, doing better than the yen:
The Nikkei surged while the yen was weakening. Its collapsed as the yen gained and is bouncing back a little further today.
This article was written by Eamonn Sheridan at www.forexlive.com.
