Japan’s Suzuki: A Weakening Yen Boosts Exports but Raises Import Prices

In a telephonic interview with Reuters, Japan’s Finance Minister Shunichi Suzuki said that they will continue to analyse the Yen currency price movements.

May 13, 2022 - 01:23 PM 269 views

Japan’s Suzuki: A Weakening Yen Boosts Exports but Raises Import Prices

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In a telephonic interview with Reuters, Japan’s Finance Minister Shunichi Suzuki said that they will continue to analyse the Yen currency price movements.

Important Quotes

The latest increase in Japan’s price movements is due to global commodity inflation but not to Forex market moves.

It’s important to focus on Forex market (FX) stability, but the latest rapid Yen moves are not favourable to the economy.

Having a weak yen currency value can boost exporters, but it can raise prices for importers.

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