Japan finance minister Suzuki says the weak yen has pros and cons for the economy

Japan’s finance minister Suzuki says he explained at last week’s meeting in Washington Japan’s strong concern over how the weak yen pushed up the cost of imports.

• Japan’s concern was shared at meeting with South Korea
• the trilateral meeting included the US
• Won’t deny that last week’s discussions in Washington have laid groundwork for Japan to take appropriate FX action

OK, that last point, Suzuki finally making an impact! USD/JPY dip buyers will be toasting him.

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