Japan’s Suzuki: We'll keep a Close Eye on Foreign Exchange and Price Movements

Japan’s Finance Minister, Shunichi Suzuki, commented on the latest Yen currency moves. He said that they are continuously and carefully watching the Forex market (FX) price movements with a sense of urgency

May 13, 2022 - 12:39 PM 257 views

Japan’s Suzuki: We'll keep a Close Eye on Foreign Exchange and Price Movements

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Japan’s Finance Minister, Shunichi Suzuki, commented on the latest Yen currency moves. He said that they are continuously and carefully watching the Forex market (FX) price movements with a sense of urgency.

Key Quotes

Will keep on watching the Forex market (FX) price movements cautiously with a bit of urgency.

The Forex market (FX) price movements are influenced by a variety of factors, including the differences in interest rates between Japan and the United States.

The Forex market (FX) movements are directed by the markets.

The G7 is focusing on resolving the global economic challenges brought on by the Russia-Ukraine conflict.

The Bank of Japan (BOJ) is in charge of monetary policy and operational management.

BOJ is an independent organization. It is not under the government’s subsidiary.

In order to achieve the price target, the Bank of Japan (BOJ) is purchasing government bonds as an integral part of its monetary policy.

At some point, depending on the monetary policy decisions, the Bank of Japan's (BOJ) assets of government bonds could vary distinctly.

Conducting fiscal policy on the expectation that the BOJ will continue to buy bonds indefinitely is inappropriate.

The Market Reaction

Amid a relief rally on this Friday, the USD/JPY currency pair has staged a strong recovery. The pair is currently trading at 129.14, above 0.66% in a day.

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