BOJ's Fukui watching pace of carry trades

Bank of Japan governor Toshihiko Fukui said Friday 10 November the central bank is carefully watching the market for signs that the buildup or unwinding of carry trades might cause problems for the foreign exchange markets.

"In our country's case, if the yen-carry trade swelled too much, it might give the foreign exchange market some impact. Therefore, the BoJ is cautiously watching not only the pace of increase of yen-carry trades but also the pace of re-windings of such transactions," Fukui