JAPAN’S SUZUKI: INTERVENTION ACTION TAKEN AS EXCESS VOLATILITY NOT DESIRABLE
Japanese Finance Minister Shunichi Suzuki said on Friday that he will conduct interventions in response to sudden currency movements.
Key quotes
Sees lingering deflationary pressures.
Warns of risk of deflation returning.
Warns against sudden movements in the foreign exchange market.
Weak Yen has pros and cons.
Japan has taken action, including FX intervention, as excessive volatility in forex is not desirable.
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