Japanese Finance Minister Emphasizes Undesirability of Rapid FX Moves
===============
#311cc6ce ver:0.19
Finance ministers from Japan, South Korea, China, and ASEAN express concerns about rapid currency depreciation against the US dollar. They emphasize the importance of stable exchange rates and discuss the need to address excessive moves. Japanese Finance Minister Suzuki states disorderly FX movements negatively impact the economy and that the Bank of Japan should handle monetary policy. Japan is prepared to intervene by buying yen and selling dollars to correct excessive depreciation. The ministers also discuss expanding the Chiang Mai Initiative and cooperating on climate change. #CurrencyFluctuations #StableExchangeRates #MonetaryPolicy...
#newstr #Japan #ForeignExchange #Fx #Economy #BankOfJapan #MonetaryPolicy #InterestRates #FiscalPolicy #CurrencyStability #Usd/jpy
https://here.news/story/311cc6ce?ver=0.19
Finance Ministers Discuss Concerns Over Weak Yen and Won /
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2024-05-08 04:57:37
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2024-05-08 04:57:37Event JSON
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"content": "Japanese Finance Minister Emphasizes Undesirability of Rapid FX Moves\n===============\t\n#311cc6ce ver:0.19\n\nFinance ministers from Japan, South Korea, China, and ASEAN express concerns about rapid currency depreciation against the US dollar. They emphasize the importance of stable exchange rates and discuss the need to address excessive moves. Japanese Finance Minister Suzuki states disorderly FX movements negatively impact the economy and that the Bank of Japan should handle monetary policy. Japan is prepared to intervene by buying yen and selling dollars to correct excessive depreciation. The ministers also discuss expanding the Chiang Mai Initiative and cooperating on climate change. #CurrencyFluctuations #StableExchangeRates #MonetaryPolicy...\n\n#newstr #Japan #ForeignExchange #Fx #Economy #BankOfJapan #MonetaryPolicy #InterestRates #FiscalPolicy #CurrencyStability #Usd/jpy \n\n https://here.news/story/311cc6ce?ver=0.19",
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