News Headline Summary

Japanese Economic minister Amari says JPY still in process of correcting from excessive strength

Says:

- hopes BoJ will understand PM Abe's strong hopes it will adopt 2% inflation target.
- Regrettable his JPY remark on Tuesday misinterpreted.

Reaction details:

- 3 minutes after, USD/JPY moved up by 40 pips from 88.34 to 88.74, trades 88.71 (+30 pips) last.

Print 05:56, 17 Jan 2013 - Asian News - Source: Newswires