Japan's Finance Minister Shunichi Suzuki (pictured) on Wednesday emphasized the importance of stable foreign exchange rates, which he claims reflect underlying economic fundamentals.
He has also expressed concern about the rapid spread of credit concerns globally and called for vigilance in this regard. While he did not comment on specific means of Bank of Japan (BOJ) policy, Suzuki expects the BOJ to work closely with the government and guide appropriate policy steps under the new governor.
Suzuki also noted that the government in Tokyo continues to carefully keep an eye on currency moves.
