Japan’s Suzuki: Closely watching FX moves with a high sense of urgency

Japanese Finance Minister Shunichi Suzuki said on Thursday that he is “closely watching FX moves with a high sense of urgency.”

Additional takeaways

FX rates set by markets reflecting various factors.

Important for currencies to move in stable manner reflecting fundamentals.

There is no 'defense line' in FX.

Need to focus on volatility or fluctuations, when asked about weak Yen.