Fukai Pumped Yen
Yen god (!)Â Fukai poured in new blood today by saying:
policy makers need to adjust interest rates from near zero percent “without delay.”
 Inflation-adjusted interest rates are extremely low and could risk stimulating growth excessively, Fukui said today in a speech at the Japan National Press Club in Tokyo. The yen later pared its advance after Fukui said he hadn’t intended to give a specific timeframe for lifting borrowing costs.
Yen, there was not much major rally of Yen against majors due to the fact that Bank of Japan has been “rising” interest from near zero for last few months now and so far their money wasn’t seen where there mouth were.