Japan Finance Minister Aso says closely watching yen moves ‘with urgency’

FAN Editor
FILE PHOTO - G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka
FILE PHOTO – Japan’s Finance Minister Taro Aso answers a question during a news conference of the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 9, 2019. Eugene Hoshiko/Pool via REUTERS

August 27, 2019

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday he was monitoring currency moves “with a sense of urgency” after a recent spike in the yen, while declining to comment on specific foreign exchange levels.

Aso made the comments at a regular news conference when asked about the Japanese currency’s appreciation to a seven-month peak below 105 yen to the dollar, caused on Monday by worries over the Sino-U.S. trade war.

“Currency stability is important,” Aso said.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

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