Many factors to consider if FX moves are \u0027excessive\u0027 -Japan Finance Minister

  • 📰 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 there were many factors to consider in determining whether moves in the foreign exchange market were \u0022excessive\u0022, adding that there were no changes in how the government would deal with them.Japanese authorities are focusing on the speed of

FILE PHOTO: Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023.

Investors often think excessive volatility can be measured over a period of one day or so. But Masato Kanda, Japan's top currency diplomat said this week any excessive moves can be measured as, say, a period since the start of this year, during which the yen weakened by around 20 yen to the dollar.

 

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

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.

South Korea actively considering extending oil tax breaks -Finance MinisterSEOUL : South Korea\u0027s government will actively consider extending tax breaks on oil products by two more months through the end of December, its finance minister said.Minister Choo Kyung-ho made the remarks during a meeting with reporters on Thursday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

9 in 10 S'porean finance leaders spend their time on manual back-office tasksStripe released a new study that explores how finance leaders are coping amidst changing economic conditions, AI emergence, and pressures in profitability.
Source: SBRMagazine - 🏆 13. / 51 Read more »