Sharp currency moves undesirable - Japanese finance minister

Monday, 03. October 2022 03:44

Japanese Finance Minister Shunichi Suzuki stated on Monday that sharp currency moves are "undesirable" as the Japanese government continues to monitor the movements of the yen "with a strong sense of urgency." He repeated that the government will "respond appropriately" against any sudden developments.

Suzuki noted that it is important that the currency "moves stably reflecting economic fundamentals." Previously, the Finance Ministry revealed it spent ¥2.83 trillion on foreign exchange intervention operations in late August and in September. Suzuki defended the decision, stating it was made "comprehensively."

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