Japan Warns of Need for Currency Stability as Yen Falls Persist

Japan Warns of Need for Currency Stability as Yen Falls Persist
Japan's new Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a news conference in Tokyo, Japan, on Oct. 5, 2021. Kim Kyung-Hoon/Reuters
Reuters
Updated:

TOKYO–Japan’s Finance Minister Shunichi Suzuki stressed on Friday the need for currency stability and said he was watching market moves “carefully,” in the wake of the yen’s recent declines against the dollar.

Domestic media and some market participants have warned of the potential demerits of a weak yen, which pushes up import prices and households’ cost of living at a time when the economy is recovering from the COVID-19 pandemic.