Japan's Finance Minister Shunichi Suzuki has stated that there is no change in the government's stance on foreign exchange, emphasizing that the market is influenced by various factors, including sentiment and speculation. Suzuki refrained from commenting on the effectiveness of verbal intervention but affirmed FX vigilance while avoiding an intervention warning. Additionally, Chief Cabinet Secretary Hirokazu Matsuno highlighted that rising interest rates could exert pressure on government finances. Vice Finance Minister Masato Kanda noted that recent foreign exchange movements show signs of speculative activity.
JAPAN'S VICE FINANCE MINISTER KANDA: RECENT FX MOVES SHOW SIGNS OF SPECULATIVE ACTIVITY.
⚠️ JAPAN CHIEF CABINET SECRETARY HAYASHI: RISING INTEREST RATES COULD PUT PRESSURES ON GOVT FINANCES
Japan's fin min affirms FX vigilance but avoids intervention warning https://t.co/xgz4vrGzLL https://t.co/ZcDv9FuaDQ