The decision of the Federal reserve system on increasing the basic discount rate reflects the ongoing improvement in market conditions in the U.S. economy, the Finance Minister of Japan Taro ASO.
TOKYO, Dec 17. Catherine Plyasunova. Finance Minister Taro ASO considers the decision of the Federal reserve system (FRS) the USA about increase in the base interest rates “adequate.”
On Wednesday, the open market Committee of the U.S. Federal reserve after the latest meeting for the first time since 29 June 2006 has raised the benchmark interest rate to 0.25-0.5% per annum with a record low of 0-0,25%. Thus, the mean value at the base interest rate is the 0.375% per annum.
“This decision is a reflection of improved conditions in the U.S. economy. I think this is the adequate decision”, — quotes the statement of the ASO Agency Kyodo.
In turn, the Secretary-General of the Japanese government Yoshihide Suga at the press conference stressed that the official Tokyo intends “with increased attention to monitor a further steps the United States in the financial sphere”.