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New Japan finance minister Suzuki warns against any rapid yen moves

Japan's new Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a news conference in Tokyo, Japan, Oct. 5, 2021. (File photo/Reuters)
Japan's new Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a news conference in Tokyo, Japan, Oct. 5, 2021. (File photo/Reuters)
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07 Oct 2021 04:10:17 GMT9
07 Oct 2021 04:10:17 GMT9

 Japanese Finance Minister Shunichi Suzuki on Thursday warned against rapid currency moves, saying he was closely watching the foreign exchange market as the yen hovered near 18-month lows against the dollar.

The new finance minister made the comment when asked about the yen’s weakening and its impact on the Japanese economy. He was speaking in a group interview after assuming his post on Monday under the newly formed cabinet of Prime Minister Fumio Kishida.

Reuters

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