Japan ramps up threat of forex action in long-term growth plan

TOKYO: Japan's government warned it would act decisively in foreign exchange markets if strong gains in the yen threatened the country's fragile economy, as it rolled out a long-term growth plan for the next eight years.

The growth strategy, which the government hopes to finalise in July or August, also aims to create a US$628bil green energy market by 2020 and calls on the Bank of Japan (BOJ) to maintain its ultra-easy monetary policy until the country makes a sustained exit from deflation.