Kato of Japan declared that he would not sell the obligations of the American treasury only from the point of view of Japanese relations

Japanese Minister of Finance, Seonishi Kato, stated early Wednesday that there was no pre-determinated normal for the suitable measurement for Japan overseas reserves, including that Japan is not going to promote American money obligations solely from the viewpoint of American-Japan relations.

Main extracts

There is no such thing as a pre-determinated normal for the suitable measurement for overseas reserves in Japan.
I don’t suppose that the dimensions of the overseas reserves of Japan could be very massive.
We preserve overseas reserves if we’d like procedural intervention on the overseas alternate market.
We not solely promote ourselves bonds from the treasure from the viewpoint of Japanese relations.

Market response

On the time of scripting this report, the pair of US {dollars} / JPY decreased by 0.75% throughout the day to flow into within the area of 145.18.