Bank of Japan Governor Masaaki Shirakawa: Japan govt has intervened on yen at best possible timings

Market news

6 September 2012

Bank of Japan Governor Masaaki Shirakawa: Japan govt has intervened on yen at best possible timings

BOJ chief repeats high yen has more costs than benefit at this stage
Japan govt has intervened on yen at best possible timings
BOJ chief repeats foreign bond buys equal to fx intervention
fiscal reform plans must come with action
Japan's pro-growth efforts not enough yet
Japan tends to underestimate its growth potential

European bourses are initially seen trading higher Wednesday: the FTSE higher by 18, the DAX up 26 and the CAC up 9.

Bank of Japan Governor Masaaki Shirakawa:

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