Japan's Asakawa: Excess volatility in FX market may have adverse effect on economy

Japanese Vice-Minister for International Affairs Masatsugu Asakawa hit the wires via Nikkei, commenting on the US treasury report on forex.

Key Quotes:

G7/G20 have repeatedly debated how to deal with disorderly FX markets

Doesn’t think US Treasury report on forex will have immediate effect on Japan's currency policy

Excess volatility in FX market may have adverse effect on economy