Japanese Finance Minister Shunichi Suzuki intervened verbally on Friday. Suzuki has stated that it will closely monitor currency movements.
Featured Statements
“I will not comment on currency levels.”
“It is important that currencies move stably reflecting the fundamentals“.
“It is desirable that currencies move in a stable manner.”
“We must respect the BoJ independence“.
“It is up to the BoJ to decide monetary policy.”
“We are closely monitoring currency movements with a great sense of urgency.”
“It is up to the BoJ to decide monetary policy, including when to end negative interest rates.”
“Aware that there are various opinions in financial markets about the fate of negative rates.”
“I will not comment on intervention in the foreign exchange market as it could affect the market.
“The weakness of the Yen has merits and demerits“.
“The negative aspect of the Yen's weakness is worrying“.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
