# Trump’s Yen Comments ‘Wide of the Mark,’ Says Japan FX Chief - Bloomberg

> Japan's Finance Ministry foreign exchange chief, Masatsugu Asakawa, said Trump's yen comments were wide of the mark. He argued that Japan's monetary policy is aimed at beating domestic deflation rather than at the exchange rate.

- Date: 2017-02-01 · published 2017-02-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/72742-trump-s-yen-comments-wide-of-the-mark-says-japan-fx-chief-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The official pushback signals Tokyo will not change policy to satisfy US currency demands, so yen direction stays driven by rate differentials. That keeps currency-driven swings in dollar-priced feed inputs limited.

## Read by commodity

- USDJPY: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-02-01/trump-s-yen-comments-wide-of-the-mark-says-top-japan-official

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.