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Banknotes of Japanese yen are seen in this image photo taken June 15, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights
TOKYO, Sept 1 (Reuters) – Japanese Finance Minister Shunichi Suzuki claimed on Friday that money must be established by markets although unexpected relocations are unfavorable, while signalling no clear indication of interfering on the market to support the weak yen, which is increasing import expenses.
“Currencies should reflect economic fundamentals … I’m closely watching currency moves,” Suzuki informed press reporters, toeing the typical main line.
“There’s no change to my view on currencies since (what) I stated previously. There’s nothing to add,” Suzuki claimed.
Some market gamers were stunned by the absence of resolution to maintain the yen from dropping past 145 yen to the buck. A violation of that degree last September caused Japan’s initially yen- getting …
