Many factors to consider if FX moves are \u0027excessive\u0027 -Japan Finance Minister

📆 10/6/2023 3:33 PM
📰 ChannelNewsAsia

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TOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday there were many factors to consider in determining whether moves in the foreign exchange market were \u0022excessive\u0022, adding that there were no changes in how the government would deal with them.Japanese authorities are focusing on the speed of

FILE PHOTO: Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023.

Investors often think excessive volatility can be measured over a period of one day or so. But Masato Kanda, Japan's top currency diplomat said this week any excessive moves can be measured as, say, a period since the start of this year, during which the yen weakened by around 20 yen to the dollar.

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