Japan PM Abe: will not comment on market moves

TOKYO Fri Jun 7, 2013 6:29am EDT

Japan's Prime Minister Shinzo Abe gestures as he delivers a speech at a seminar in Tokyo June 5, 2013. REUTERS/Toru Hanai

Japan's Prime Minister Shinzo Abe gestures as he delivers a speech at a seminar in Tokyo June 5, 2013.

Credit: Reuters/Toru Hanai

Related Topics

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe declined to comment on market movements on Friday after the yen marked its biggest one-day climb against the dollar in three years the day before.

"I don't want to comment on market movements," said Abe, speaking during a joint news conference with French President Francois Hollande, who is on a three-day visit in Tokyo.

Stock and currency markets in recent days have taken some wind out of "Abenomics," a policy prescription of sweeping fiscal and monetary expansion aimed at breaking years of deflation and reviving the world's third-biggest economy <FRX/>.

(Reporting by Antoni Slodkowski; Editing by Shinichi Saoshiro)

FILED UNDER: