Japan’s Suzuki: Japan at a critical stage whether to spur consumption, wage growth

Dhwani Mehta FXStreet

“Japan at a critical stage whether to spur consumption or wage growth,” Japanese Finance Minister Shunichi Suzuki said on Tuesday.

Suzuki added that it is “hard to say fiscal spending may push up prices.”

Additional comments

Currency rates should be set by the market.

Rapid fx moves undesirable.

Share view with international authorities that excessive FX volatility is undesirable.

Closely watching FX moves with a great sense of urgency.

Won't rule out any steps to respond to disorderly FX moves.

Nothing new to add now to what i say on currencies.

Market reaction

At the time of writing, USD/JPY is trading better bid just shy of the 11-month high of 148.99.

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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