TOKYO. Japan began to concern with the strengthening of the yen continues to strengthen. Japanese Finance Minister, Yoshihiko Noda again warned about the development of currency exchange rate moves in one direction lately. Other ministers also agreed on the warning issued, there are some risks to be faced yen when the currency was moving too high and too fast.
However, the market has not foresee any intervention by the Bank of Japan (BoJ) in the near future. Hidetoshi Kemezaki BoJ members also expressed dismay that the BoJ will be the impact of the impasse in reaching an agreement the U.S. government's debt ceiling on the Japanese financial system.
These conditions have prompted the market to predict the possibility of BoJ easing back ultra-loose policy if prospects for economic recovery of Japan is constrained by U.S. and European debt problems.
Information only, U.S. dollar sank to a four-month lows against the yen at 77.75 yen near record lows ever do 76.25 yen reached last March.
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