Japanese Finance Minister Shunichi Suzuki on Wednesday confirmed a broader concern in regards to the yen’s weak spot, saying the slower tempo of the yen’s depreciation, not simply sharp actions, isn’t fascinating for the Japanese financial system.
“I’m very involved in regards to the gradual weakening of the yen” as a result of a weaker yen may speed up inflation in Japan by rising the price of imports, Suzuki stated in parliament.
The finance minister had repeatedly stated beforehand that he couldn’t tolerate speculative and fast falls of the yen
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On Wednesday, Suzuki reiterated that he would take motion within the foreign money market if there are any extreme actions.
