Shiokawa to discuss forex with O'Neill

JAPAN - Although the government wants a weaker yen to accompany the Bank of Japan's easy monetary stance, it is hard to intentionally drive currency rates, Japanese Finance Minister Masajuro Shiokawa said today, 5 September.

"Rates can't be intentionally driven (by us)," Shiokawa said at a regular press conference at the ministry.

Asked whether he wants a weaker yen as the result of monetary easing by the BOJ, Shiokawa said: "I hope that will happen."

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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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