Nothing new to take away, basically its all over same blah-blah again & again.
- Will take decisive action on any excessive yen movements if needed. (we have heard it million times already, thanks anyway).
- No comments if Japan will discuss yen one-sided moves at G7 meet. But will discuss Japan fiscal situation and buying of ESM bonds.
- G7 is opportunity to discuss Europe debt problem, China slowdown. Mainly Europe debt crisis contributing to China slowdown.
- Europe debt problem main topic for discussion at IMF meeting.
- China is seen as major ally and relationship with China very important.
- Lookng for ways to avoid too much dependence on dollar in trading. (A growing voice in world, but no other option).
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