- Japan’s Shindo: Important for currencies to move in stable manner reflecting fundamentals
Market news
26 September 2023
Japan’s Shindo: Important for currencies to move in stable manner reflecting fundamentals
Japan’s newly appointed Economy Minister Yoshitaka Shindo said on Tuesday, “it is important for currencies to move in a stable manner reflecting fundamentals.“
Further comments
Must carefully monitor whether output gap to remain in growth territory.
Japan's consumption turned to contraction due to inflation, seen unstable.
Won't comment on forex levels.
Weak Yen has various effects on economy such as raising import costs for consumers, improving competitiveness of exporters.
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