Japan's Finance Minister Shunichi Suzuki said on Tuesday that the governemnt would carry on with assessing the impact of the stronger yen on the country's economy.
"Our stance has been that currency rates should be determined by markets reflecting fundamentals, but rapid fluctuations are not desirable," Suzuki said, according to Reuters. He emphasized that the strenghtening yen might affect the economy both positively and negatively via various channels, including overseas sales of exporters and import costs on households and businesses.
"In the meantime, we will continue to accurately analyse the impact of foreign exchange fluctuations and price movements on the economy and people's lives and respond appropriately," Suzuki added.
