Japan is prepared to intervene in currency markets to stem the yen’s advance, Economy Minister Banri Kaieda said, signaling that overseas opposition shouldn’t deter authorities from correcting abrupt moves.
Five candidates to succeed Japanese Prime Minister Naoto Kan began campaigning as Trade Minister Banri Kaieda won key backing from a ruling party powerbroker.
The Bank of Japan may want to consider buying foreign-currency assets to help ease the yen’s appreciation, Economic Minister Banri Kaieda said.
Japanese Economy Minister Banri Kaieda said he still expects consumer prices to stay unchanged in the year starting April 1 even after the government conducts a regular revision of the price index.
"If we continue with the economic policies of the Abe administration, we will see price rises due to the falling yen and a greater gap between rich and poor."
- Banri Kaieda on Dec 01, 2014