TOKYO, Oct 17 - Japanese Finance Minister Shunichi Suzuki on Tuesday declined to comment on remarks by an International Monetary Fund official about currency intervention, and said there was no need to elaborate on what factors would determine exchange rates.
"I'm aware the comment was made by one official of the IMF. Various people make remarks so there's no need for me to comment on every single remark," Suzuki told reporters. The IMF sees foreign exchange intervention as justified only when there is a severe dysfunction in the market, a heightening of financial stability risks or a de-anchoring of inflation expectations. However, none of these three considerations exist right now, Panth said.
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