Japan Finance Minister Suzuki plans to address excessive currency volatility with potential intervention.

Japan Finance Minister Shunichi Suzuki states that he will take action against excessive currency volatility and consider the effectiveness of intervention when necessary. Suzuki emphasizes the importance of maintaining market trust in public finances and highlights the need for foreign exchange intervention to be conducted in a restrained manner, taking into account its necessity and effectiveness. The recent decline in Japan's foreign reserves, down to $1.23 trillion at end-May, partly reflects intervention efforts.

June 07, 2024
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