He Japanese Finance Minister Shunichi Suzuki, intervened verbally on Friday. Suzuki stated that The weakness of the Japanese Yen could drive up import prices and negatively impact consumers and businesses. Suzuki added that he will closely monitor currency movements with a high sense of urgency.
Featured Statements
“LYen weakness has pros and cons“.
“The weakness of the Yen could drive up import prices and negatively affect consumers and businesses.
“Rapid currency movements are not desirable.”
“We are closely watching currency movements with a great sense of urgency.”
“It is desirable that the exchange rate moves in a stable manner, reflecting the fundamental variables
“We see disorderly currency movements.”
“We are in close communication with foreign exchange diplomat Kanda.”
“We're looking at the background of what's driving FX moves.”
“There may be talk of currencies at next week's G20 meeting.”
“The Government hopes to take appropriate measures to minimize the impact of the weak Yen on households.”
“Management of Bank of Japan (BoJ) ETF holdings, including their sale, depends on the BoJ.”
Source: Fx Street
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