Azumi out as finance minister in Japanese cabinet shuffle
Written by Adam Button
September 24, 2012 at 13:29 GMT
Japanese fin min Azumi will be ‘promoted’ to deputy secretary general, which is the #2 position, according to the WSJ.
Noda was re-elected as leader of the DPJ overnight.
I expect him to be replaced with someone who will take a more aggressive role to weaken the yen.
USD/JPY last at 78.01. Sell stops below 79.95. More bids at 77.50/70.
Written by Adam Button
September 24, 2012 at 13:29 GMT
Japanese fin min Azumi will be ‘promoted’ to deputy secretary general, which is the #2 position, according to the WSJ.
Noda was re-elected as leader of the DPJ overnight.
I expect him to be replaced with someone who will take a more aggressive role to weaken the yen.
USD/JPY last at 78.01. Sell stops below 79.95. More bids at 77.50/70.