More again from Krishna Srinivasan, director of the IMF's Asia and Pacific Department:
- Had good discussions on exchange rates with Japanese authorities, who were committed to flexible exchange rates which act as a shock absorber
- Fx intervention could lower excess volatility and better align exchange rate moves with fundamentals
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Earlier, wide-ranging, comments:
- International Monetary Fund (IMF) says it wants policy easing from People's Bank of China
- IMF says it expects Japan's inflation to exceed 2% target until 2025
USD/JPY showing little response, its come back from its trip towards 147.20:
