Market news
13.05.2022, 02:19

Japan’s Suzuki: Weak yen is boost to exports but lead to higher prices for importers

Japanese Finance Minister Shunichi Suzuki is on the wires again, via Reuters, continuing with its take on the yen price action.

Key quotes

Recent rise in Japan’s prices due mostly to global commodity inflation rather than forex moves  

FX stability is important, recent rapid moves are undesirable.

Weak yen is boost to exports but lead to higher prices for importers.

Related reads

  • Japan’s Suzuki: Will continue to watch FX, price moves carefully
  • USD/JPY Price Analysis: Recovery remains elusive below 129.50

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