• Told Lew strongly concerned of one-sided FX moves
• Told Lew excessive, disorderly FX moves bad for economy
• G20 agreement won't prevent Japan from intervening in fx market
• Agreed with Lew G20 accord won't act as constraint on monetary policy
• Agreed with Lew there was no secret deal to weaken dollar in Shanghai g20
• Proposed creating policy steps, review framework to address emerging market capital flow instability at G20 dinner
• Told G20 that G7 agreement to prevent competitive fx devaluation doesn't constrain monetary policy steps including negative rate