Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Friday.
Suzuki said that it’s important for forex rates to move in a stable direction reflecting fundamentals, and he will watch foreign exchange moves with a high sense of urgency. Key quotes “BoJ’s decision to change policy could squeeze policy expenditures.” “Won't comment on forex levels.” “Important for forex rates to move stable reflecting fundamentals.” “Watching forex moves with a high sense of urgency.” “FX rates are set by market.” “Will take appropriate steps in fiscal management.
The bank’s policy is based on Quantitative and Qualitative Easing , or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan’s Suzuki: Closely watching FX moves with a high sense of urgencyJapanese Finance Minister Shunichi Suzuki offered some verbal intervention on Thursday.
Read more »
Japan’s Suzuki: Will not comment on any BoJ policy steps to be takenJapanese Finance Minister Shunichi Suzuki said on Tuesday that it depends on the Bank of Japan (BoJ) to decide the details of monetary policy.
Read more »
Watch this Japanese rocket explode just seconds after launchWatch this footage of a Japanese rocket exploding in dramatic fashion on Wednesday just seconds after getting airborne.
Read more »
Suzuki Jimny 5dr review: what exactly are we missing out on?Beloved baby off-roader is great for cities and gets enhanced practicality – but only in certain markets
Read more »
Suzuki Is Reportedly Working On A Fully Electric MinivanThe family-friendly offering is developed for the Indian market, based on the underpinnings of the Suzuki EVX SUV
Read more »
Decentralized stablecoin project Frax Finance moves forward in reinstating protocol fee switchThe proposal also details how a new tokenomics system will fully collateralize the decentralized stablecoin FRAX.
Read more »