Japan MoF's Watanabe is watching FX markets

Japan's finance ministry is observing developments in foreign exchange markets very closely, but this is business as usual, Hiroshi Watanabe, vice minister of finance for international affairs, told MNI.

The Bank of Japan's Feb 21 rate hike had positive and negative aspects, and while the central bank's future decisions should take into account hopefully strong real economic data, still weak inflation also warranted consideration, Watanabe told XFN-Asia affiliate Market News International.

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