Japan finance minister Suzuki remarks to prop up the yen:
-
Important for currencies to move in stable manner reflecting
fundamentals - Rapid fx moves
undesirable - Closely watching fx
moves - Will take thorough
response in forex -
Weak yen has both positive and negative aspects
-
Strongly
concerned about negative aspects of weak yen -
Will continue to analyse FX impact on the Japanese economy and livelihoods, and take appropriate action
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Government seeks to assuage the negative impact of weak yen through measures to promote wage increases
This article was written by Eamonn Sheridan at www.forexlive.com. Source