Japan's top currency diplomat, along with other officials, has reiterated the country's commitment to managing foreign exchange (FX) movements. Masato Kanda, Japan's top currency diplomat, confirmed ongoing daily discussions on FX and other issues with the U.S. and other nations, emphasizing the G7's shared commitment to stable currency markets. Finance Minister Shunichi Suzuki highlighted that FX levels are influenced by various factors and not solely by rate differentials. He also noted that there were no direct discussions on FX at the recent G20 meeting, but it was significant that the G7 reaffirmed their stance against excessive FX volatility, acknowledging its negative impact on the economy. The Japanese government, including Suzuki, has expressed readiness to take appropriate actions against excessive movements in the yen, underscoring a high sense of urgency in monitoring FX fluctuations. The IMF's Japan Mission Chief also firmly believes that G7 nations, including Japan, are committed to flexible FX regimes.
Japan to work with counterparts on excessive FX moves, says finance minister https://t.co/QSyZHJdoFx https://t.co/yBJ3sx6ME2
JAPAN FINMIN SUZUKI: WON'T DENY THAT LAST WEEK'S DISCUSSIONS IN WASHINGTON HAVE LAID GROUNDWORK FOR JAPAN TO TAKE APPROPRIATE FX ACTION
⚠️ JAPAN FINANCE MINISTER SAYS GOVERNMENT READY TO ACT VS EXCESSIVE FX MOVES Full Story → https://t.co/5RjodkM5GH https://t.co/LGP8Gfuvfr
JAPAN FINMIN SUZUKI: WON'T COMMENT ON CURRENT FX MOVES
JAPAN FINMIN SUZUKI: GOVT READY TO RESPOND APPROPRIATELY TO EXCESSIVE FX MOVES
JAPAN FINMIN SUZUKI: CLOSELY WATCHING FX MOVES WITH HIGH SENSE OF URGENCY
JAPAN FINMIN SUZUKI: WON'T RULE OUT ANY OPTION, WILL DEAL APPROPRIATELY, TO EXCESSIVE FX MOVES
JAPAN FINMIN SUZUKI: RECONFIRMED COMMITMENT THAT EXCESSIVE FOREX MOVES UNDESIRABLE
⚠️ JAPAN'S FINANCE MINISTER GIVES FRESH WARNING ON EXCESSIVE YEN MOVES Full Story → https://t.co/XeCewzvxx3 Japanese Finance Minister Shunichi Suzuki said on Friday authorities would take appropriate action against excessive currency market moves, repeating his warning to… https://t.co/75XUddMmXr
WHEN ASKED IF RECENT YEN MOVES JUSTIFY FOREIGN EXCHANGE INTERVENTION BY JAPANESE AUTHORITIES, IMF'S JAPAN MISSION CHIEF: I FIRMLY BELIEVES G7 NATIONS, INCLUDING JAPAN, ARE COMMITTED TO FLEXIBLE FX REGIMES.
JAPAN FINANCE MINISTER SUZUKI: NO DIRECT DISCUSSION ON FX AT G20 MEETING
JAPAN FINANCE MINISTER SUZUKI: IT WAS MEANINGFUL THAT G7 CONFIRMED COMMITMENT THAT EXCESSIVE FX MOVES HAVE NEGATIVE IMPACT ON ECONOMY
JAPAN FINANCE MINISTER SUZUKI: FX LEVELS REFLECT VARIOUS FACTORS, NOT JUST RATE DIFFERENTIALS
BANK OF JAPAN’S SUZUKI WE WILL RESPOND APPROPRIATELY TO EXCESSIVE FX MOVES
Japan’s Top Currency Official Says G-7 Reaffirms Currency Commitments @markets https://t.co/Bkpfv1gXSu
JAPAN TOP CURRENCY DIPLOMAT KANDA: JAPAN IS IN TALKS ON FX, OTHER ISSUES, WITH U.S. AND OTHER COUNTRIES DAILY
JAPAN'S TOP CURRENCY DIPLOMAT KANDA DISCUSSES DAILY TALKS ON FX AND OTHER ISSUES WITH US AND OTHER COUNTRIES
JAPAN'S TOP CURRENCY DIPLOMAT KANDA RECONFIRMS G7 COMMITMENT TO FOREX FOLLOWING JAPAN'S STANCE