Japan Finance Minister Suzuki says yen intervention may be necessary

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Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, on May 13, 2023.

Pool | Via Reuters

Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country’s policymakers if the yen moved in sharp directions that started to affect households and companies.

Speaking to reporters at the Asian Development Bank’s annual meeting in Tbilisi, Georgia, he said it was desirable for exchange rates to move stably.

This article was originally published by a www.cnbc.com

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