Japan's Finance Minister: Government is prepared to respond appropriately to excessive exchange rate movements

He Japanese Finance Minister Shunichi Suzuki, intervened verbally on Tuesday. suzuki stated that the Japanese government is prepared to respond appropriately to excessive currency movementsadding that it will closely monitor currency movements with a high sense of urgency.

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“I will not comment on current currency movements.”

“The government is ready to respond appropriately to excessive currency movements.”

“We are closely monitoring currency movements with a high sense of urgency.”

We do not rule out any option, we will react appropriately to excessive movements in the exchange rate“.

“There was close communication with the US and South Korea on the foreign exchange market when I was in Washington.”

“Excessive currency movements are undesirable.”

Source: Fx Street

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