JAPAN’S SUZUKI: RAPID FX MOVES ARE UNDESIRABLE

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Japanese Finance Minister Shunichi Suzuki said on Tuesday that the rapid foreign exchange (FX) move is undesirable and the officials will monitor the effect of FX on the Japanese economy and livelihoods.  

Key quotes

Forex fluctuations have both positive and negative impacts on the Japanese economy. 

Will respond appropriately after analyzing the impact of Forex moves

Rapid FX moves are undesirable. 

Important for currencies to move in a stable manner, reflecting fundamentals. 



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