On Thursday, Vice Finance Minister for International Affairs Masato Kanda said that Japanese authorities were watching currency market moves carefully, in the wake of the yen's rebound from recent weakness. "There is a view (in the market) that speculative yen short positions are being unwound rapidly.”
Kanda, who oversees Japan's currency policy, also said there was a strong market view that Japan's deflationary mindset was starting to change, as companies hike prices and wages. The outlook for inflation overseas, such as in the United States, was also drawing attention, he said.
Source: reuters.com
