June 17, 2024
Finance

Japan finance chief sees need for stable forex moves amid weak yen

Japanese Finance Minister Shunichi Suzuki on Friday stressed the need for foreign exchange rates to move stably by reflecting economic fundamentals, saying that excessive fluctuations should be rectified. Speaking at a press conference during his visit to Georgia, Suzuki declined to comment on whether Japan intervened in the currency market when the yen spiked in

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Finance

Japan watching foreign exchange moves with urgency: finance chief

Japan is closely monitoring foreign exchange moves “with a high sense of urgency,” Finance Minister Shunichi Suzuki said Thursday after the yen hit a four-month low to the U.S. dollar. The yen fell to as low as 151.82 overnight in New York amid market expectations that the Bank of Japan will not rush to raise

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