Japan Finance Minister Taro Aso warned that the Financial Services Agency will strengthen monitoring against improper trading activity at the current time of heightened market volatility. In particular, the FSA will with with securities watchdog and stock exchanges to monitor fraudulent activities in market operations.
He also made a rare comment regarding Dollar’s strength. Aso said, “Everyone is buying dollars. That’s leading to declines in other currencies. Stocks and bond prices are both falling, which is something that has not happened before.” “It’s probably investors’ anxiety” over the coronavirus pandemic, he added.
