Japan’s Hayashi: Stock prices are determined in the market based on various factors

Market news

2 August 2024

Japan’s Hayashi: Stock prices are determined in the market based on various factors

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Friday that “stock prices are determined in the market based on various factors such as economic conditions and corporate activities.”

Additional comments

Will continue to pay close attention to markets with sense of urgency.

Important for currencies to move in stable manner reflecting fundamentals.

Closely watching FX moves.

Won't comment on forex levels.

Market reaction

At press time, USD/JPY is off the highs but traders near 149.50, up 0.13% on the day. The pair continues its wild swings amid a 4% slump in the Japanese indices.

PBOC Adviser urges more fiscal stimulus and consumption boost

PBOC sets USD/CNY reference rate at 7.1376 vs. 7.1323 previous

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