Japanese Finance Minister Shunichi Suzuki commented this Friday morning, according to Reuters, on the volatility of the foreign exchange market and its impact on the country’s current account deficit, which in turn impacts the economy.
Featured Comments
Currency stability is important, strong volatility is undesirable.
The government will keep an eye on Japan’s current account balancesince the change in its trend could occur.
Japan’s current account deficit is due more to rising commodity prices than yen weakness.
Earlier, Suzuki spoke about measures to counter rising inflation, especially after Tokyo’s core CPI hit a two-year high, coming in at -0.4% compared to the market consensus of -0.7% and – 0.6% previous.
Source: Fx Street
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