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- Japan’s Suzuki: To scrutinize fx moves, including recent yen falls and their impact on Japan’s economy.
Japan’s Suzuki: To scrutinize fx moves, including recent yen falls and their impact on Japan’s economy.
Japanese Finance Minister Shunichi Suzuki cross the wires once again this Friday morning, via Reuters, now commenting on the fx market volatility and its impact on the country’s current account deficit, which in turn impacts the economy.
Key quotes
FX stability important, sharp volatility undesirable.
Govt will keep eye out on Japan’s current account balance, as change in its trend could happen.
Japan's current account deficit is due more to rising raw material prices rather than weak yen.
Earlier on, Suzuki spoke about the measures to counter rising inflation, especially after Tokyo core CPI hit two-year highs, arriving at -0.4% compared to -0.7% market consensus and -0.6% previous.
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