Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Japan finance finister Aso: No need to fret about recent yen moves

Published 03/12/2020, 10:48 PM
Updated 03/12/2020, 10:51 PM
Japan finance finister Aso: No need to fret about recent yen moves

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that volatility was high in the stock market but that there was no need to fret about currency moves, describing the underlying yen trend as "stable".

"The yen has been stable at around 105 yen recently so there's no need to fret about it," Aso told reporters after a cabinet meeting.

The current situation was "totally different" from the global financial crisis triggered by the collapse of Lehman Brothers about a decade ago, Aso said, adding that it takes time for markets to regain calm after easing steps taken by central banks.

Latest comments

Then why does he needs to say anything about that?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.