TOKYO (Reuters) – Japan Finance Minister Shunichi Suzuki said on Tuesday the government will continue to analyse the impact of recent currency moves on the Japanese economy and respond appropriately.
“Rapid moves on the currency market are not desirable,” Suzuki said, speaking in a regular post-cabinet meeting news conference.
The U.S. dollar fell to a more than one-year low versus the yen on Monday on speculation the Federal Reserve could deliver a 50-basis-point interest rate cut at its policy meeting this week.
(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)
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