Japanese Finance Minister Shunichi Suzuki said on Wednesday that rapid foreign exchange (FX) movements are undesirable.
Japan ese Finance Minister Shunichi Suzuki said on Wednesday that rapid foreign exchange movements are undesirable. However, Suzuki declined to comment on whether the US has agreed on Japan 's FX intervention. Key quotes “Disorderly FX movements negatively impact the economy.” “Cannot comment on whether the US has agreed on Japan 's FX intervention.” “FX influenced by more than just US- Japan rate difference.” “BoJ should handle monetary policy.
How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners.
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