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Japan 'deeply concerned' about rapid, one-sided forex moves, finance minister says

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TOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that the authorities were "deeply concerned" about the impact of "rapid and one-sided" foreign exchange moves on the economy, as the yen declined to 38-year lows past 161 per dollar.

FILE PHOTO: Japanese Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and Korean Finance Minister Choi Sang-mok on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024.

Speaking at a regular press conference, Suzuki said authorities would respond appropriately to excessive currency moves and that confidence in the Japanese currency is maintained. The yen fell to its weakest since 1986 at 161.155 per dollar on Friday morning, with neither an overnight drop in U.S. yields nor data showing solid consumer price gains in Tokyo arresting the downward slide in Japan's currency.

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Japan finance minister says forex intervention should be done in restrained mannerTOKYO: Finance Minister Shunichi Suzuki said on Friday (Jun 7) that recent foreign exchange intervention was conducted to contain excessive volatility, but such action should be done in a restrained manner.
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Japan will respond to excessive foreign exchange movement, finance minister saysTOKYO : Japan will take appropriate action against excessive currency movement, Minister of Finance Shunichi Suzuki said on Friday, stressing the importance of stability in the foreign exchange market.Suzuki made the comments in a regular post-cabinet meeting news conference.
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »