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Japan PM Abe Tells Finance Minister to Take Needed FX Steps Post Brexit Vote

Posted by Chris Advincula on Jun 27, 2016 6:31:06 AM

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(Jun 27 Reuters) Japanese Prime Minister Shinzo Abe on Monday instructed Finance Minister Taro Aso to watch currency markets "ever more closely" and take steps if necessary, in the wake of Britain's historic vote to leave the European Union.

Abe made the comments at an emergency meeting with Aso and Bank of Japan Deputy Governor Hiroshi Nakaso as some analysts speculate the central bank may ease if it calls an unscheduled policy review before its planned July 28-29 gathering.

While Abe ordered the BOJ to ensure ample liquidity in markets, his government is ready to provide the economy fiscal support, with an eye on expanding planned stimulus steps to total more than 10 trillion yen ($98.03 billion), sources told Reuters.

Click on the link below to see the full story from Reuters: (by Minami Funakoshi and Tetsushi Kajimoto)

Japan PM Abe tells finance minister to take needed FX steps post Brexit vote

Topics: Japan, BOJ, Forex Trading, USD/JPY, Fundamentals, BOJ. Fed

 

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