Shunichi Suzuki, the finance minister of Japan, stated on Wednesday. That it is “essential for FX to move steadily reflecting fundamentals.”
“Need to be on guard given how quickly credit worries are spreading worldwide.”
“No comment on particular BoJ policy measures, but anticipate BoJ to cooperate closely with government and direct appropriate policy moves under incoming governor,” the statement reads.
“Govt intently observing fx movements.”
Japan’s Suzuki Statement Reaction on Market
The USDJPY exchange rate is now down 0.08% for the day to 132.38.
