Japan’s Suzuki: Closely watching volatile stock moves but not in phase of making actual action

Dhwani Mehta FXStreet

Japan’s Finance Minister Shunichi Suzuki said on Thursday that he is “closely watching volatile stock moves but not in phase of making actual action.”

Further comments

Monetary policy specifics are up to the Bank of Japan (BoJ) to decide.

No comment on BoJ Deputy Governor Uchida's comments.

Closely watching market developments.

Aim to support wage growth outpacing inflation through various policies.

Stock market determined by economic situations, forex, corporate activities and various others.

Algorithm trading one of various factors, not a single reason for market rout.

Market reaction

USD/JPY remains in the red near 146.40 following these above comments, losing 0.20% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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