Japan’s currency diplomat speaking in Paris making a big point
– Hopes Chinese communication with financial markets will be improved
He’s from the Ministry of Finance and was one of the main voices when the intervention talk was doing the rounds in Feb. He’s highlighted the main, and most point about intervention. It won’t come if markets are moving in a calm fashion but only if we see yen gains that are volatile.
Japan’s Asakawa says it’s not the yen level that matters, it’s the volatility
