Economy

Japan and the U.S. in constant contact on currency market


© Stocksak. FILEPHOTO: Shunichi Suzuki (Japan’s Finance Minister) speaks to the media at Tokyo’s Finance Ministry on October 20, 2022. Photo by Kyodo Kyodo/via REUTERS

TOKYO (Stocksak), Tuesday, February 8, 2009 – Japanese authorities are in constant contact with their American counterparts and are ready to take appropriate actions in the currency market against volatile movements in the yen, Finance Minister Shunichi Suzuki stated on Tuesday.

Suzuki also stated in a post-cabinet news conference that he didn’t see any contradiction between the government’s yen-buying currency intervention (and the Bank of Japan’s ultra-loose monetary policy).

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