Japan's newly appointed Economy Minister Akazawa hasn't learnt about FX volatility yet!
Says not necessarily correct that Prime Minister Ishiba positive about further rate hikes
- complete exit from deflation is top priority
- says Bank of Japan should be careful about raising rates given it takes time to completely exit deflation
- Ishiba's comments on need for monetary policy normalisation have various conditions attached
USD/JPY is on its session high around 144.00. These will be read as yen negative remarks.
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