Japan finance minister Suzuki says watching FX moves ‘carefully’

Japan finance minister Suzuki

  • Forex moves are driven by various factors
  • the government is watching FX developments carefully
  • its important for FX to move stably, reflecting fundamentals

and, on the Bank of Japan:

  • won’t comment in advance on what the government expects from BOJ
  • hope the BOJ guide policy appropriately, working closely with the government, to sustainably achieve the 2% inflation target

The yen has slid lower rapidly, Suzuki trying to temper the pace of decline:

This article was written by Eamonn Sheridan at www.forexlive.com. Source