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Japan’s FinMin Suzuki: Commitments to FX to Be Reaffirmed, G20 Shared Understanding Over Currency Volatility
Japan’s FinMin Suzuki:
— *seven (@sevenloI) October 13, 2022
- Russian War Is Deepening Woes in Global Economy
- Many Including Japan Criticized Russia’s Invasion
- G20 Shared Understanding Over Currency Volatility
- Nations to Agree Many Nations Currencies Moved Greatly
- Commitments to FX to Be Reaffirmed
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Japan’s FinMin Suzuki:
— *seven (@sevenloI) October 13, 2022
- Explained Forex Market and Japan Economy to G20
- Nations Watching Impact of Effect of Policy Tightening
- Didn’t Talk Concrete Measures to Deal With Tightening
- Everyone Stayed in the G-20 Meeting, No Walk Outs
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Japan’s FinMin Suzuki:
— *seven (@sevenloI) October 13, 2022
- Can’t Allow Speculative, Excessive FX Moves
- Watching Forex With High Sense of Urgency
- Monetary Tightening Creating Various Impacts
- Want to Take Appropriate Action vs Excess FX Volatility, When Asked Whether Japan Could Intervene to Prop Up Yen
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Japan’s FinMin Suzuki:
— *seven (@sevenloI) October 13, 2022
- Reaffirming International FX Agreements Were Important
- Have Explained About Japan’s Intervention
- Have Been Able to Gain US Understanding on Intervention
- Have Not Had Bilateral Meeting With Yellen
- Was Unable to Compile G-20 Communique Due To Russia