business

Japan issues warning against volatile stock, currency moves

16 Comments
By Leika Kihara

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There is one comment Aso made that is not being covered here, but was on the national news this AM.

When asked about the stock market dropping in the us Aso tweaked the nose of Trump, like he, Aso knows better/more than Trump, by saying (paraphrasing from the Japanese) "The markets dropping because of the rate hike (alone) by the FRB, as proclaimed by Trump, who ever heard of such a simple reason" in his typical arrogant manner!

2 ( +3 / -1 )

Watching... issuing warnings. A job a student arbeito for ¥850/h can do. Why waste money on this guy.

3 ( +4 / -1 )

Ready cash, wait for crash, buy stocks to stash, get back more cash. Repeat.

4 ( +4 / -0 )

A senior Japanese finance ministry official later told reporters that Tokyo was ready to "consider a response" if markets remain extremely volatile

Currencies manipulation is illegal and goes against the WTO agreements. Trump the idiot that he is will use it against you to throw on tariffs. Use your head and stop thinking 5 seconds ahead of you!

3 ( +3 / -0 )

Hey Aso, how’s that 2% inflation target working out for you? I mean us?

wages are still flat and prices of fuel are rising,

Get your head out of it blueblood.

3 ( +4 / -1 )

".....Japanese Finance Minister Taro Aso said on Thursday he was watching stock and currency moves with vigilance"

Worried that you (personally) might loose a couple of million Yen? Get out of here!

6 ( +6 / -0 )

Currencies manipulation is illegal and goes against the WTO agreements.

Japan's tourism boom and export business are based on currency manipulation.

4 ( +6 / -2 )

The government must watch with vigilance financial and currency market developments," Aso said.

The word vigilance should not be used by or for this government.

Watching... issuing warnings. A job a student arbeito for ¥850/h can do. Why waste money on this guy.

Well said. Aso and Kuroda both, along with their boss, are a waste of oxegen..

6 ( +6 / -0 )

MichaelBukakisToday  07:41 am JST

Hey Aso, how’s that 2% inflation target working out for you? I mean us?

wages are still flat and prices of fuel are rising,

Get your head out of it blueblood.

Wages will remain flat so long as companies can hand out huge bonuses.

After all there is no real benefit to a company to increase wages per hour, except when forced to do so by the gov.

If you increase the monthly wage, then you incur a cost every single month no matter what happens.

However if you hand out bonuses, you can sit on the money for months, gain some interest, and hand it out later in the year. If there is a down turn in the economy then the company doesn't have to lay workers of, but can just cut back on the bonuses. However, they can't do with wages. When the economy picks up they hand out the bonuses again.( Even though it was probably your money anyway. (They just never increased your monthly wage).It seems like a huge company money saving scheme.

The worker feels happy because they get a large bonus for all the big ticket purchases. New car, holiday to Hawaii,deposit for a home.

Even bonuses are becoming the way in certain other countries, but it's just a scheme to keep wages low, cause you because you don't have to pay a bonus.

2 ( +3 / -1 )

@Bubblegun sadly you are right. Labour costs are low and giving a bonus is just that a bonus largesse. Actually raising wages seems too difficult, Can't get 2% inflation but can easily get 2% tax increase. If only we could all benifit for being a tax payer funded politician.

1 ( +1 / -0 )

Not everyone gets a bunus you know

4 ( +4 / -0 )

To whom was the warning issued? How does a warning square with  "ready to "consider a response"" ?

2 ( +2 / -0 )

Wow what action. The yen strengthens against the dollar to levels not seen since last September. Err, yeah, since last month, a few weeks ago.

0 ( +0 / -0 )

Without bonuses, half of japan would be below the poverty line and children can’t afford university. Same as the senior worker getting more pay for same work as they have to, as the head of the family, pay for everything. If this system collapses, we will be doomed. Only solution is to give equal wages at a fair rate to all and retire these old boy fossils. Change.

0 ( +0 / -0 )

So, let me get this straight... Also has warned other nations, indirectly or otherwise, that currency manipulation could hurt other economies, but has admitted currency manipulation in the past and is saying AGAIN that "Japan is considering a response". He's said that protectionist measures help no one and hurt everyone, but Japan is one of the leading nations when it comes to protectionism. That about right?

-1 ( +0 / -1 )

Tokyo was ready to "consider a response" if markets remain extremely volatile. He did not specify what steps Japan could take to contain the market rout.

its called currency manipulation

0 ( +0 / -0 )

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