Japan's Suzuki notes importance of stable currency moves - Breaking The News

Japan's Suzuki notes importance of stable currency moves

22 March

1 min read

EPA-EFE/KIMIMASA MAYAMA

Japanese Finance Minister Shunichi Suzuki (pictured) stressed on Friday the importance of stable movements in the foreign exchange (FX) market, noting that the movements should reflect economic fundamentals.

Suzuki went on to say that the Bank of Japan's (BoJ) decision to change its policy "could squeeze policy expenditures." He also stated that he is overseeing the FX market with a "high sense of urgency," whilst emphasizing that it is difficult to comment on the possibility of intervention in the FX market.

The Japanese yen dipped to a four-month low against the United States dollar on Wednesday.

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