Japan finance minister Suzuki: Rapid FX moves undesirable

Japan finance minister Suzuki remarks to prop up the yen:

• Important for currencies to move in stable manner reflecting
  fundamentals
• Rapid fx moves
  undesirable
• Closely watching fx
  moves
• Will take thorough
  response in forex

• Weak yen has both positive and negative aspects

• Strongly
  concerned about negative aspects of weak yen

• Will continue to analyse FX impact on the Japanese economy and livelihoods, and take appropriate action

• Government seeks to assuage the negative impact of weak yen through measures to promote wage increases

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