Today: May 26, 2024
Today: May 26, 2024

Japan finance minister says groundwork laid to take appropriate FX action

Share This
LA Post: Japan finance minister says groundwork laid to take appropriate FX action
April 23, 2024
Reuters

TOKYO (Reuters) - Japan Finance Minister Shunichi Suzuki said on Tuesday last week's trilateral meeting with his U.S. and South Korean counterparts likely laid the groundwork for Tokyo to take appropriate action in the foreign exchange market.

"I voiced strong concern on how a weak yen pushes up import costs. Our view was shared not just in a meeting with my South Korean counterpart, but at the trilateral meeting that included the United States," Suzuki told parliament.

"I won't deny that these developments have laid the groundwork for Japan to take appropriate action (in the currency market), though I won't say what that action could be," he said.

(Reporting by Leika Kihara; Editing by Tom Hogue)

Popular

EU to sanction 9 Iranian entities for supplying drones to Russia, including defence minister

EU governments agreed on Friday to put nine Iranian entities, including Iran's Defence Minister Mohammad-Reza Ashtiani, on its sanctions list for supplying drones to Russia, which

EU to sanction 9 Iranian entities for supplying drones to Russia, including defence minister

‘Furiosa,’ ‘Garfield’ lead slowest Memorial Day box office in decades

The box office is cruising for a two-decade low

‘Furiosa,’ ‘Garfield’ lead slowest Memorial Day box office in decades

Low expectations for rare summit between China, Japan and South Korea

When South Korea hosts the first trilateral summit with China and Japan in four years beginning on Sunday, the three

Low expectations for rare summit between China, Japan and South Korea

ECB's Cipollone says recent data backs easing

Recent economic data strengthens the European Central Bank's confidence about lowering borrowing costs as inflation eases, ECB board member Piero Cipollone said on Sunday.

ECB's Cipollone says recent data backs easing

Trump opts not to take witness stand in hush money case as testimony ends

Former U.S.

Trump opts not to take witness stand in hush money case as testimony ends

Related

China takes measures against 12 U.S. military-linked firms

China takes measures against 12 U.S. military-linked firms

US SEC approves exchange applications to list spot ether ETFs

US SEC approves exchange applications to list spot ether ETFs

US expected to lift ban on sale of offensive weapons to Saudi Arabia, FT reports

US expected to lift ban on sale of offensive weapons to Saudi Arabia, FT reports

In one North Carolina county, it's 'growth, growth, growth.' But will Biden reap the benefit?

In one North Carolina county, it's 'growth, growth, growth.' But will Biden reap the benefit?
- Advertisement -
Advertisement: Limited Time Offer