Japan Finance Minister: Closely watching forex impact on economy as yen falls

📆 7/01/2022 4:17 PM
📰 ChannelNewsAsia

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TOKYO :Japanese Finance Minister Shunichi Suzuki said on Friday that he was closely watching any impact of currency moves on the economy and that foreign exchange stability was important.'I won't comment on the currency market itself, but stability is important above all,' Suzuki told reporters.'The go

TOKYO :Japanese Finance Minister Shunichi Suzuki said on Friday that he was closely watching any impact of currency moves on the economy and that foreign exchange stability was important.

"The government will closely watch currency market moves and their impact on Japanese economy following that point," he said, when asked if the weakening yen was negative for the economy. The U.S. currency stood at 115.88 yen, after hitting Tuesday's high of 116.355, amid hawkish rhetoric from Fed officials and a strong U.S. jobs report. [USD/]

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Japan Finance Minister: Closely watching forex impact on economyTOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that he was closely watching any impact of currency moves on the Japanese economy and that foreign exchange stability was important.He was speaking to reporters after a cabinet meeting. (Reporting by Tetsushi Kajimoto; Editing
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