Comments from Japan finance minister Aso crossing the wires:
- Won't comment on specific stock price moves
- Want to monitor market moves carefully
- Hope Chinese authorities take appropriate action to stabilise economy, which has big impact on global growth
- Recent yen moves are rough, rather than rapid
- Better for forex moves to be gradual rather than rough, for FX market to stabilise
- No change to view Japan's economy picking up as a whole
- No plan for now to compile new economic stimulus package
- Won't comment on day-to-day market moves but there were once views that excessive yen falls were undesirable
- Both yen falls, yen rises have various effects on Japan's economy
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Nothing to surprise the markets there from Aso.
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Added;
- No talk now of plan for global coordinated action vs latest market rout, though financial authorities are always in frequent contact with each other