1 April 2024
Japanese Finance Minister Shunichi Suzuki expressed concern over speculative trading in the currency market, which he believes is leading to an excessive decline in the yen’s value that doesn’t align with economic fundamentals. During a parliamentary address, Suzuki emphasized the government’s readiness to intervene in the market to counteract these excessive fluctuations, stating that all options are on the table. He attributed the yen’s movements to various factors, including the Bank of Japan’s shift from negative interest rates, Japan’s current account balance, price changes, geopolitical risks, and market sentiment.