Finance Minister Suzuki of Japan: "We are closely monitoring the impact of changes in US monetary policy."

On Friday, Japanese Finance Minister Shunichi Suzuki said, “We must closely monitor the impacts of the US monetary policy on Japan’s economy.”

June 17, 2022 - 12:04 PM 288 views

Finance Minister Suzuki of Japan: "We are closely monitoring the impact of changes in US monetary policy."

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© Finance Minister Suzuki of Japan: "We are closely monitoring the impact of changes in US monetary policy."

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On Friday, Japanese Finance Minister Shunichi Suzuki said, “We must closely monitor the impacts of the US monetary policy on Japan’s economy.”

Key Comments

·         Cooperating with BOJ makes it even more necessary to watch how the               foreign exchange market moves.

·         Expects BOJ to keep working to attain the pricing objective steadily and             sustainably.

·         Recently, there has been a sharp decline in the value of the yen.

·         The BOJ is in charge of monetary policy.

·         Government must respect the BOJ's independence.

·         Expects BOJ to work hard to meet its price objective based on the market for bonds, prices, and the economy.

·         BOJ Governor Kuroda has declared that he will consistently uphold the policy.

USD/JPY recovers from its intraday low

As a result of the news, the USD/JPY breaks a two-day slump and rises to 132.60 by press time after rebounding from the intraday low.

It's important to note that the announcement of Masato Kanda's reappointment at the mid-year personnel upheaval also appears to have favoured the USD/JPY pair's most recent recovery.

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