New Japan finance minister Suzuki warns against any rapid yen moves

Japanese 10,000 yen banknotes. Photo: Kyodo. Sketched by the Pan Pacific Agency.

TOKYO, Oct 7, 2021, Reuters. 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, Reuters reported.

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.

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