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Japan finance minister Suzuki: Rapid FX moves undesirable
Japan finance minister Suzuki remarks to prop up the yen: • Important for currencies to move in stable manner reflecting fundamentals. • Rapid fx moves undesirable. • Closely watching fx moves. • Will take thorough response in forex. • Weak yen has both positive and negative aspects. • Strongly concerned about negative aspects of weak yen. • Will continue to analyse FX impact on the Japanese economy and livelihoods, and take appropriate action. • Government seeks to assuage the negative impact of weak yen through measures to promote wage increases.
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