Japan finance minister says 'firmly' watching FX moves as yen weakens

📆 23/6/2023 9:03 PM
📰 ChannelNewsAsia

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

TOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that he was 'firmly' watching foreign exchange markets and sharp movements in the yen's exchange rate were undesirable, when asked about the currency's recent weakening.'Currency rates should be set by the market, reflecting fundamentals,' S

TOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that he was"firmly" watching foreign exchange markets and sharp movements in the yen's exchange rate were undesirable, when asked about the currency's recent weakening.

"Sharp moves are undesirable, currencies should move stably reflecting fundamentals. With that in mind, we will continue to keep firm watch on market moves." On the flip side, the yen's depreciation has helped boost exporters' profits, pushing up stock prices to a 33-year high.

Write Comment

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:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

'Nowhere to run': Islands stress climate risk at Paris finance summitRising sea levels have put small island states on the front lines of climate impacts and UN talks. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

World leaders at Paris climate summit to push for finance reformThe Summit for a New Global Financial Pact will focus on how to fund poor countries to tackle climate crisis. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »