Suzuki stands for market exchange rates

2023.05.25 21:27

Suzuki stands for market exchange rates

By Kristina Sobol  

Budrigannews.com – In light of the yen’s continued decline against the dollar, Japanese Finance Minister Shunichi Suzuki stated on Friday that currency rates should be set by markets based on economic fundamentals.

Following a regular cabinet meeting, Suzuki told a news conference, “We will continue to closely watch market moves.”

The comments are milder than the verbal alerts Japanese specialists regularly issue when they see yen moves as extreme, proposing that Tokyo is taking the most recent slide in the cash in its step, essentially until further notice.

While a feeble yen gives Japan’s exporters a lift, it harms families and retailers by pushing up the expense of currently high natural substance imports.