Thursday, Nov 27, 2014Thursday, Nov 27, 2014
News
 

Japan's PM adviser says natural for stocks to move randomly

Published on May 30, 2013 3:55 PM
 
A pedestrian holding an umbrella walks past a stock quotation board showing various countries' stock prices outside a brokerage in Tokyo on Thursday, May 30, 2013. The recent volatility in the Japanese stock market is not surprising as it is natural for stock prices to move randomly, Mr Koichi Hamada, a special economic adviser to Prime Minister Shinzo Abe, said on Thursday.  -- PHOTO: REUTERS

TOKYO (REUTERS) - The recent volatility in the Japanese stock market is not surprising as it is natural for stock prices to move randomly, Mr Koichi Hamada, a special economic adviser to Prime Minister Shinzo Abe, said on Thursday.

Mr Hamada, speaking to reporters, also said he is not worried about the rise in Japan's long-term yield as real interest rates remain low.

The Nikkei share average dived to a five-week low on Thursday as the yen firmed further against the dollar.