Japan’s Finance Minister Urges Vigilance in Monitoring Currency Market
Japan’s Finance Minister Emphasizes Urgency in Currency Market Monitoring
Japan’s finance minister, Shunichi Suzuki, emphasized the government’s high level of concern regarding recent currency market movements. He stated on Thursday that they are closely monitoring the situation with a strong sense of urgency. This comes as the yen has dropped to its lowest level in four months, surpassing 151 per dollar.
Government’s Response to Currency Intervention Speculation
When questioned about the potential for government intervention in the currency market, Suzuki refrained from commenting on the specific levels of the yen. He stressed the importance of currency stability based on fundamental factors. Suzuki highlighted the government’s vigilant observation of market dynamics with a heightened sense of urgency.
TOKYO (Reuters) – Japan’s finance minister Shunichi Suzuki said on Thursday the government is watching currency market moves with “a high sense of urgency”, as the yen has fallen to four-month-lows beyond 151 per dollar.
Suzuki made no comment on currency intervention when asked by a reporter about the possibility of the government considering the measure.
“I won’t comment on currency levels. It is important for currencies to move stably reflecting fundamentals. The government is closely watching market moves with a high sense of urgency,” Suzuki told reporters at the finance ministry.
