FILE PHOTO: Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera/File PhotoTOKYO : Japan will take appropriate action against excessive currency movement, Minister of Finance Shunichi Suzuki said on Friday, stressing the importance of stability in the foreign exchange market.
Traders suspect Japan spent around 9 trillion yen in total on April 29 and May 2 to arrest the yen's decline to a 34-year low of 160 to the U.S. dollar, private-sector estimates showed. Suzuki also said higher interest rates could increase the government's interest payment burden and pressure fiscal policy.
A low interest rate environment allowed for smooth debt management, he said."Now we need to step up our efforts to increase fiscal health." We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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Japan may need to smooth excessive yen moves, says Finance Minister SuzukiTBILISI : Japanese Finance Minister Shunichi Suzuki said on Friday authorities may need to smooth any excessive yen moves that hurt households and companies."It's desirable for exchange rates to move stably.
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Japan closely monitoring weak yen and bond market, finance minister saysTOKYO: Japanese Finance Minister Shunichi Suzuki said on Tuesday (May 21) he was concerned about the negative implications of the current weakness in the yen and its effect on incentives to increase wages. "One of our major goals is to achieve wage increases that exceed the rise in prices," Suzuki said.
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Japan finance minister says government will take appropriate actions on FXTOKYO : Japan's Finance Minister Shunichi Suzuki said on Friday the government will take appropriate actions in the currency market, repeating Tokyo's recent warnings that culminated in suspected interventions last week to stem a sliding yen.
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Commentary: Lawrence Wong as Prime Minister and Finance Minister – it could give him an advantageLawrence Wong will remain Finance Minister after he becomes Prime Minister on Wednesday (May 15). Double-hatting gives him the opportunity to front the next Budget before the General Election is called, says senior analyst Mustafa Izzuddin.
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