Japan MOF's Kuroda -will act if FX trends continue

JAPAN - Top financial diplomat Haruhiko Kuroda said on Apr 6 that Japan would take action in currency markets if current trends continued.

"Our forex policy hasn't changed and we believe that moves in the currency market should reflect economic fundamentals," he said at an economic forum attended by finance and central bank officials from Japan and China. "We will take appropriate action in the markets if current trends in currencies continue."

Kuroda's comments added to a drumbeat of official

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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