Japanese Finance Minister Suzuki says will analyse impact of forex volatility on economy and respond appropriately, adds will continue to monitor FX movements
Says:
- Stock prices are determined in the market based on various factors such as economic conditions.
- Closely watching stock movements with a sense of urgency.
- Important to keep proper debt management through close dialogue with markets.
- Reduction in BoJ’s JGB purchases would increase need for financial institutions to buy JGBs, raising importance of dialogue with markets.
- Correction in yen's weakness could push down import prices, tame consumer prices.
- Need conviction that Japan won’t go back to deflation before announcing complete exit from deflation.
02 Aug 2024 - 02:56- ForexEconomic Commentary- Source: Newswires
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