Japan's Suzuki: The weak yen has positive and negative aspects

FXStreet
Updated May 21, 2024 06:16
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Source: DepositPhotos

Japanese Finance Minister Shunichi Suzuki said on Tuesday that there are both advantages and disadvantages of the weak Japanese Yen (JPY), but he is more concerned about the negative aspects of the weak JPY. 


Key quotes


“Market dialogue key as long-term rates increase.”

“Aims for appropriate national debt policies in Japan.”

“Hopes for wage hikes above inflation pace.”

“Plans wage increases to combat deflationary mindset.”

“Both advantages and disadvantages of weak Yen.”

“ Market determines levels for currencies.”

“Opposes excessive forex volatility.”

“Will discuss world economy, AI, and other issues.”

“Says the government is watching markets.”

“Will conduct appropriate bond management policy.”

“Says he is closely watching FX moves.” 


Market reaction 


These comments have little to no market reaction to the Japanese Yen (JPY). At the time of writing, USD/JPY is trading 0.09% higher on the day to trade at 156.38. 

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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