Aso warns over yen's rapid rise

criticised China’s moves as “stirring fears” in global markets.

And what exactly has Aso done to solve Japan's economic woes? Blame China for everything... business as usual

This is the guy who said that old people should hurry up and die. Maybe he should lead by example.

Japan does have a say in China's moves as Japan has been supporting Chinese economy by various means, one of which was to buy the Chinese Wan at high rate giving China the benefit of the buying power of the Yen and the US Dollar, only because Japan's economy was better and improving due to the lower Japanese Yen rate. In that way Japan could recover the loss in the future when the Wan and the Chinese economy got stronger. The problem is that this has been going on for decades and for Japan it has been a negative investment all around, politically, financially, economically and internationally.

It affects the stock market, but that is not the issue. Japan has a devalued Wan which Japan has to try and circulate out of Japan at a loss on top of the loss and high risk of having supported China's hoped stabilization and recovery.

If one looks at the financial picture, the stock market is only a tool, a place, a bargiainng table for the financiers to effectively borrow and use the investors' money by taking a profit 3 ways. They make a profit for money coming in and out and on the profits from the reinvested money.

Wow! This article makes me feel old. I remember when it was 360 yen to the dollar. It was always a hot steamy night in front of the trainstation.

As far as the fears of the slowdown in China.... it is inevitable. And how soon and how deep is the BIG Question.

Economy Minister Akira Amari ... added that the shift into the yen “reflected the strength of Japan’s economic fundamentals”.

I guess the Minister in charge of the Economy would say that, but given that Japan posted negative growth last quarter (put it down to the weather, not lousy economics policies) I doubt many would be convinced by his explanation.

Wind User:

Japan has been supporting Chinese economy by various means, one of which was to buy the Chinese Wan at high rate

The Chinese currency is the yuan.

If Japan has been buying yuan, it would certainly have been at the market rate, not a high rate, and any such purchase would have been done to benefit Japan by weakening the yen relative to the yuan. It would not be an act of benevolence as you suggest.

What's he going to do? He has no ability in this position and just there as a position of power.

"A rapid rise in the yen hurts major Japanese exporters such as Toyota and Sony"

Yeah, but it's good for people with yen going on trips to Hawaii.

Time for more noise from BoJ followed by some asset purchases and money printing.

If Aso (a proponent of Abenomics) is honest he should be criticizing the abject failure of his party's ability to stimulate Japan's economy. Talk about the kettle calling the pot black.....