Japan's finance minister is still going - says yen has been weakening rapidly

  • The fin min seems to have taken issue with BOJ Gov Kuroda. Suzuki says the yen dropping brings more demerits than merits.

Bank of Japan Governor Kuroda yesterday:

  • excessive weak yen or yen's rapid weakening can have more negative impact, but weak yen is basically positive overall

Fin min Suzuki:

  • yen weakening brings more demerits than merits under current circumstances
  • wants to communicate closely with u.s. and other currency authorities to respond as appropriate based on G7 agreement on FX
  • hoping to hold bilateral meeting with Ukraine finmin on sidelines of g20
BOJ Governor Kuroda

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