Japan’s Suzuki won't rule out steps to address disorderly FX moves

Suzuki said it’s important for currencies to move in a stable manner reflecting fundamentals and he will closely watch foreign exchange moves with a high sense of urgency. Key quotes “Important for currencies to move in a stable manner reflecting fundamentals.” “Rapid FX moves undesirable.” “No comment on FX intervention.” “Closely watching FX moves with a high sense of urgency.” “Won't rule out any steps to respond to disorderly FX moves.

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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