BBG: Extra Scrunity of BOJ Pledged by Economy Chief

Now I am in this position, I will scrutinize even more strictly” the Bank of Japan’s efforts to achieve its target, Maehara, 50, told reporters in Tokyo yesterday. If the bank’s actions are insufficient, Maehara will do more than “just talk,” he said.

Well the new finance minister Koriki Jojima has taken the “just talk” right from his predecessor Azumi, stating the government will “take bold actions against the currency’s excessive moves if necessary.” Guess we will see if/when USD/JPY gets below 77.00 again.