Japan’s Suzuki: Worried About the Latest Sharp Yen Currency Depreciation

Japan's Finance Minister, Shunichi Suzuki, carries on his opinion about the anxiety over the peak decline of the Yen currency.

June 21, 2022 - 12:39 PM 291 views

Japan’s Suzuki: Worried About the Latest Sharp Yen Currency Depreciation

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© Japan’s Suzuki: Worried About the Latest Sharp Yen Currency Depreciation

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Japan's Finance Minister, Shunichi Suzuki, carries on his opinion about the anxiety over the peak decline of the Yen currency.

Key Quotes

  • Immediate FX market (FX) movements are not favorable.
  • The timing and funding sources for immediate comprehensive price-control measures have yet to be determined.
  • When FX is required, it will respond properly.
  • Excessive FX volatility and erratic movements can wreak havoc on the economy.

The Market Reaction

At the time of writing, the USD/JPY pair is currently combating at 135.00 points, almost unchanged in a day.

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