Japan's Suzuki: The weak yen has positive and negative aspects
Trending Articles- Gold drifts higher to near $4,750 ahead of US CPI inflation release
- Gold slumps below $4,700 on Trump rejection of Iran peace proposal
- WTI falls to near $93.50 after Israel, Iran signal an end to hostilities
- When Will the Gold Dilemma Be Resolved? Breakdown of US-Iran Negotiations Puts Gold Prices Under Pressure Again, Can It Return to $5,000?
- Ignoring Strategy Reduction Warning, Bitcoin Nears $82,000, Hitting Highest Price Since February
- Silver Price Analysis: Climbs above $80, as bulls eye weekly high
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.
Read more
* 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.
