TOKYO - Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned more about the negative aspects of the current weakness in the yen right now, reiterating Japan's warnings against excessive currency moves.
"The weak yen boosts exporters' profits but also increases burdens on companies and consumers as it pushes up import prices," Suzuki said at a parliament committee. "As our policy goal has been to achieve wage increases that exceed the rise in prices, we are concerned more about the negative impact of the yen's weakness at this point," he said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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