News Formal

Japan Finance Minister Suzuki dodges question of possible FX intervention

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

TOKYO : Japanese Finance Minister Shunichi Suzuki on Friday refrained from commenting on the possibility of government intervention in the foreign exchange market, while maintaining his warning against any rapid fluctuations. 'I won't comment on currency levels, including the question (of intervention) to

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

"What's most important is currency stability as rapid fluctuations are not desirable," Suzuki 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." Japanese currency authorities were likely left in a bind over the yen's weakening, said Daisaku Ueno, chief forex strategist at Mitsubishi UFJ Morgan Stanley Securities.

Japan in theory could take unilateral action by intervening, while giving U.S. authorities advanced notice of such a move, Ueno added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You, the United Nations, are ignoring the current situation in Burma, the ineffective arrests and killings of innocent people by Min Aung Hlaing's military council violence, and the people of Burma. Do you not know justice? SaveMyanmar JusticforMyanmar RejectMilitaryCoup

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Japan Finance Minister Suzuki declines to comment on possibility of FX interventionTOKYO : 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 (of intervention) to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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 »