TOKYO : Japanese Finance Minister Shunichi Suzuki said on Wednesday that rapid moves in the yen were"undesirable," and warned that the government was watching currency moves closely.
"Currency rates move on various factors, not just on the interest rate gap between the United States and Japan," Suzuki told parliament, when asked whether prospects of steady U.S. interest rate hikes and the Bank of Japan's continuing its ultra-low interest rate policy were accelerating yen falls.
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Japan Finance Minister says Tokyo is closely communicating with US on FX movesTOKYO :Japan will communicate closely with the United States and other countries to respond to currency moves appropriately, Finance Minister Shunichi Suzuki said, ratcheting up warnings against any sharp moves as the yen fell to six-year lows against the dollar.Speaking to reporters after a cabinet meeting,
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Japan Finance Minister: Closely communicating with US on FX movesTOKYO : Japan will communicate closely with the United States and other countries to respond to currency moves appropriately, Finance Minister Shunichi Suzuki said on Tuesday as the yen fell to a more than six-year low beyond 125 yen against the dollar.Speaking to reporters after a cabinet meeting, Suzuki
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »