Japan’s Economy Minister Yasutoshi Nishimura warned that “sudden moves (in financial markets) that don’t reflect fundamentals or excessive speculative moves are undesirable.” Referring to today’s market, he said “while I like to refrain from commenting on the financial market itself, I think moves today have calmed a little.”
Separately, Finance Minister taro Aso said the economy remains in moderate recovery. He noted, “it’s true that manufacturers are mainly being affected by global slowdown, but fundamentals that support domestic demand remains solid.”
