Japan’s Suzuki will watch foreign exchange moves with a high sense of urgency

Suzuki said that it’s important for forex rates to move in a stable direction reflecting fundamentals, and he will watch foreign exchange moves with a high sense of urgency. Key quotes “BoJ’s decision to change policy could squeeze policy expenditures.” “Won't comment on forex levels.” “Important for forex rates to move stable reflecting fundamentals.” “Watching forex moves with a high sense of urgency.” “FX rates are set by market.” “Will take appropriate steps in fiscal management.

The bank’s policy is based on Quantitative and Qualitative Easing , or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds.

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