Japan Finance Minister vows to respond if yen weakening becomes excessive

TOKYO : Japan's Finance Minister Shunichi Suzuki kept up verbal warnings on Tuesday against the yen's depreciation, saying he would respond appropriately if currency moves became excessive.

"We will closely watch currency market moves with a strong sense of urgency and will respond appropriately if the moves become excessive." "Rising prices have become a big policy issue," he added."We will closely watch price trends and impacts on people's livelihood and businesses."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan Finance Minister Suzuki: To respond appropriately if FX moves turn excessiveTOKYO : Japanese Finance Minister Shunichi Suzuki said on Tuesday that sharp and one-sided moves were observed in the currency market and it was vital for currencies to move stably reflecting economic fundamentals.Suzuki told reporters after a cabinet meeting that Japanese authorities would respond approp
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan finance minister: To respond appropriately if FX moves turn excessiveTOKYO : Japan's Finance Minister Shunichi Suzuki kept up verbal warnings against the yen's depreciation on Tuesday, saying he would respond appropriately if currency moves become excessive.Suzuki fired the latest warning shot as the dollar traded at 143.43 yen, down 0.06 per cent from late U.S. levels. Ja
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Philippine finance secretary sees 'long pause' in rate hikesMANILA : Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a 'long pause' in raising interest rates steady as inflation is expected to ebb.The bank held its key policy rate steady at 6.25 per cent for a second straight meeting on Thursday
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »