(Bloomberg) -- Japan's top currency official,
Hiroshi Watanabe, said there is no immediate risk that investors
will dump assets funded by yen loans and cause sudden gains in
the currency.
``The size of any carry trades that would unwind is
relatively small compared to the entire foreign-exchange
market,'' Watanabe, vice finance minister for international
affairs, said in a speech at the Euromoney Japan Forex Forum in
Tokyo today. ``I don't think carry trades pose a risk of a
sudden unwinding, but we still need to monitor these trades.''
Read more at Bloomberg Currencies News
Hiroshi Watanabe, said there is no immediate risk that investors
will dump assets funded by yen loans and cause sudden gains in
the currency.
``The size of any carry trades that would unwind is
relatively small compared to the entire foreign-exchange
market,'' Watanabe, vice finance minister for international
affairs, said in a speech at the Euromoney Japan Forex Forum in
Tokyo today. ``I don't think carry trades pose a risk of a
sudden unwinding, but we still need to monitor these trades.''
Read more at Bloomberg Currencies News
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