Japan fin min Suzuki says intervention action taken as excess volatility not desirable

Japan finance minister Suzuki:

• can’t rule out the possibility of Japan’s economy falling back into deflation
• Weak yen has pros and cons
• Japan has taken action, including FX intervention, as excessive volatility in forex is not desirable

Ueda and Suzuki

Earlier:

• Bank of Japan Governor Ueda says BOJ’s policy steps were appropriate

• BOJ Governor Ueda says concerns over US economy slowdown behind recent market rout
• BoJ Ueda will adjust monetary easing if our economy price outlook is likely to be achieved

This article was written by Eamonn Sheridan at www.forexlive.com.