Japan Sakurai: Can’t tell Fed easing impact on FX

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, Nov 4 (BestGrowthStock) – Japan’s deputy finance minister
Mitsuru Sakurai said on Thursday that it was hard to tell the
impact from the U.S. Federal Reserve’s monetary easing on foreign
exchange markets, which he said were fluctuating widely.

“I don’t know until I see where (market moves) will settle,”
Sakurai told a news conference.

The Federal Reserve launched a fresh effort to support a
struggling U.S. economy on Wednesday, committing to buy $600
billion in government bonds despite concerns the programme could
do more harm than good. [ID:nN03163902]
(Reporting by Tetsushi Kajimoto; Editing by Joseph Radford)

Japan Sakurai: Can’t tell Fed easing impact on FX