Japan's Finance Minister Suzuki: In talks with BoJ, taking response to financial situations

Ross J Burland FXStreet

Japan's Finance Minister Shunichi Suzuki said prices are weighing on households and that they need to respond to inflation with additional measures.

Suzuki said that they are closely coordinating with the Bank of Japan and other central banks in taking response to financial situations.

Meanwhile, Japanese Economy Minister Goto said that he “does not expect big impact on J apan economy now from us bank failure or Credit Suisse issue.”

USD/JPY update

USD/JPY is at 133.40, up from 132.74 as of Thursday's Tokyo stock market close. Currency markets were broadly calmer on Thursday after Credit Suisse said it would borrow up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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