Japan finance minister Suzuki:
- To visit Seoul on June 25 to meet with s. Korean counterpart
- Will communicate
closely with US, other countries on FX based on G7 agreement that
excessive, disorderly fx moves could hurt economies - Don’t think US sees
Japan’s fx policy as problematic
Suzuki joins in with earlier verbal intervention efforts today:
- Japan’s Kanda says ready to take action if excessive FX move seen
- Japan chief cabinet secretary Hayashi says stable FX levels are desirable
This article was written by Eamonn Sheridan at www.forexlive.com. Source