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Japan's Suzuki: Need to watch downside risks of inflation on economy; Recent inflation gains are led mainly by oil
Japan's Suzuki:
— DailyFX Team Live (@DailyFXTeam) July 22, 2022
- Need to watch downside risks of inflation on economy
- Recent inflation gains are led mainly by oil
- BBG$USDJPY
Added at 9:05pm
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Japan finance minister Suzuki says need to watch risks of rising inflation on the economy
Finance Minister Suzuki with no direct comments on the yen exhnage rate. His comments on inflation, though, are pertinent. A falling yen has been an important component of rising cost of living pressures in Japan. more: • the recent rise in inflation mainly driven by energy prices • its up to the Bank of Japan to decide monetary policy • export growth is keeping pace with the yen weakening