Japanese Finance Minister Shunichi Suzuki on Tuesday did not rule out the possibility of taking measures to address disorderly foreign exchange market fluctuations.
He expressed skepticism about the notion that fiscal spending alone could lead to inflationary pressures and emphasized the importance of allowing currency rates to be determined by market forces. Suzuki added that Japan maintains its cautious approach to foreign exchange volatility and sees sharp moves as undesirable.
The minister further noted that the country is currently faced with the decision of whether to encourage consumer spending or foster wage growth.
