Japanese Finance Minister Shunichi Suzuki said on Tuesday that it is important for currencies to move in stable manner, reflecting fundamentals.
Japan ese Finance Minister Shunichi Suzuki saidonTuesdaythat it isimportantfor currencies to move in stable manner, reflecting fundamentals.Suzuki further stated that he will closely monitor the foreign exchange moves. Key quotes “Important for currencies to move in stable manner, reflecting fundamentals.” “Important for government, BoJ to coordinate policy.” “Will take thorough response for forex.” “Closely watching FX moves.
The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers.
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