Japan's Suzuki says weak yen boosts import costs - Breaking The News

Japan's Suzuki says weak yen boosts import costs

5 July

1 min read

EPA-EFE/KIMIMASA MAYAMA

Japanese Finance Minister Shunichi Suzuki said on Friday that a weak yen is pushing import costs up and also affecting the economy and prices in the country.

The minister also reiterated that he "will closely monitor stock and forex markets with vigilance."

Suzuki previously ensured that he will take action on "excessive currency volatility" when needed and evaluate the effectiveness of the intervention.

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