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Japan fin min Suzuki says FX stability is important, rapid moves are undesirable

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Japan finance minister Suzuki No comment on FX levelsFX stability is important, rapid moves are undesirableClosely watching the impact of forex moves on Japan’s economy and fiancial marketsThe Japanese government will respond appropriately to exchange rates while following the G7 agreement on Currencies and while keeping in close communication with US and other authorities We have had ongoing remarks from Japanese authorities similar (almost exactly the same) as the yen has declined rapidly in past weeks and months. Yen strengthened a little overnight. USD/JPY dropped from highs above 131.20 back to 130.00. Suzuki’s comments are aimed here at stabilising the currency. He may need some luck with that!jpy

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