Japan tells G20 it may need to act in FX market

MARRAKECH, Morocco, Oct 13 - Japanese Finance Minister Shunichi Suzuki said on Friday he told his Group of 20 counterparts that Tokyo may need to take appropriate action depending on moves in the currency market.

In a news conference after attending the G20 finance leaders' gathering, Suzuki said he told the group that excess volatility in the currency market was undesirable. The remarks came as strong U.S. inflation data pushed up the dollar near the psychologically important 150-yen mark, a level market players see as Tokyo's line-in-the-sand to intervene in the currency market to prop up the yen. The dollar fetched 145.50 yen on Friday.

Bank of Japan Governor Kazuo Ueda told the same news conference that his views on the global economic outlook have not changed much, after attending the Group of Seven and G20 finance leaders' gathering this week.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Japan tells G20 it may need to act in FX market-Finance Minister SuzukiExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Stock market today: Asian markets slip as rising yields in the bond market pressure stocksHONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. U.S. futures ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock futures step higher as CPI inflation holds steady: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock open flat as CPI inflation holds steady: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US futures rise with CPI inflation update on deck: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks drop, bond yields rise as CPI inflation holds steady: Stock market news todayStocks were lower on Thursday as investors digested a September inflation report that some economists believe will keep the Fed on hold in November but could...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »