Japan Finance Minister Suzuki declines to comment on possibility of FX intervention

TOKYO : Japanese Finance Minister Shunichi Suzuki on Friday refrained from commenting on the possibility of government intervention in the foreign exchange market, while keeping up his warning against any rapid fluctuations.

"I won't comment on currency levels, including the question to avoid causing any impact from an offhand comment," Suzuki told reporters when asked about the possibility of intervention as the yen hit fresh 20-year lows against the dollar this week. "What's most important is currency stability as rapid fluctuations are not desirable," he told a news conference."We will continue to carefully watch currency market movements and their impact on Japan's economy with a sense of urgency."

Canada Canada Latest News, Canada Canada Headlines

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

Vietnam considering fuel tax cuts amid inflation pressure - Finance MinisterHANOI : Vietnam is considering cutting taxes on fuel to help ease prices at all-time highs, but inflation remains under control and helped by domestic food production, its finance minister said on Wednesday. Taxes of all kinds account for around 30 per cent of retail prices, including an 8 per cent import
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »