On May 28, 2024, Japan's Finance Minister Shunichi Suzuki addressed the public in Tokyo, expressing strong concerns over the negative effects of a weakened yen. He emphasized the importance of stability in foreign exchange movements to reflect economic fundamentals and opposed undesirable excessive currency fluctuations. Suzuki stated that wage growth is a priority over inflation and assured that all necessary measures will be taken on foreign exchange as required. However, he refrained from commenting on whether the government has conducted currency intervention.
Japan's Finance Minister Shunichi Suzuki addressed the public in Tokyo, discussing important financial matters affecting the country.
⚠️ JAPAN CONCERNED MORE ABOUT NEGATIVE ASPECTS OF WEAK YEN, FINANCE MINISTER SAYS Full Story → https://t.co/o4gP6J8ME1 https://t.co/rjAPsr0oC6
JAPAN FINMIN SUZUKI: WON'T COMMENT WHETHER JAPAN HAS CONDUCTED CURRENCY INTERVENTION AS A GENERAL RULE
SUZUKI REFRAINS FROM COMMENTING ON GOVERNMENT INTERVENTION IN MARKETS
SUZUKI PRIORITIZES WAGE GROWTH ABOVE INFLATION
SUZUKI EXPRESSES STRONG CONCERN OVER NEGATIVE EFFECTS OF WEAKENED YEN
SUZUKI TO TAKE ALL NECESSARY MEASURES ON FOREIGN EXCHANGE AS REQUIRED
SUZUKI OPPOSES UNDESIRABLE EXCESSIVE CURRENCY FLUCTUATIONS
SUZUKI EMPHASIZES STABILITY IN FX MOVEMENTS TO REFLECT FUNDAMENTALS