Japan Finance Minister Taro Aso warned on Yen’s recent gains today and emphasized importance of exchange rate stability. He spoke as Yen surges through key levels on risk aversion, after Trump announced new tariffs on China. Aso said Yen’s fluctuation “will have various impacts”. And “at least, current stability is extremely important. We need to pay close attention to the markets”.
On Trump’s new tariffs on China, Aso said “this will surely affect China’s economy, which I think will have various impacts on the global economy”. And, “there’s already a movie among companies to shift factories out of China. It’s developing into not just trade war but various other things, so it warrants careful attention.”
