Japan's Suzuki promises to monitor FX moves - Breaking The News

Japan's Suzuki promises to monitor FX moves

1 August

1 min read

EPA-EFE/KIMIMASA MAYAMA

Japanese Finance Minister Shunichi Suzuki stated on Tuesday that he will closely monitor movements in the foreign exchange (FX) market.

He emphasized that FX should move stably and reflect the fundamentals of the economy in order to ensure stability in Japan's financial markets amid recent fluctuations.

Regarding the Bank of Japan's (BoJ) upcoming decision on monetary policy, Suzuki stated that increasing monetary easing in a more sustainable manner by making the Yield Curve Control (YCC) framework more flexible would be up to the BoJ to decide and that the specifics of the monetary policy tools should be left to the discretion of the central bank.

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