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Japan’s Finance Minister Suzuki raises concern about possible FX market intervention at G20

Japanese Finance Minister Shunichi Suzuki attended the recent G20 finance leaders’ gathering in Marrakech, Morocco, where he addressed concerns regarding excess volatility in the currency market. Suzuki emphasized the need for appropriate action from Tokyo, depending on the movements within the currency market. He stressed that excessive fluctuations were undesirable and could potentially harm global economies.

During the news conference, Suzuki highlighted the potential consequences of an unstable currency market and the importance of taking corrective measures. He conveyed his message to the G20 counterparts, emphasizing the significance of addressing this issue collectively. Suzuki’s remarks indicated that Tokyo was willing to proactively intervene if needed to ensure stability in the currency market and prevent any adverse impact on the global economy.

Overall, Suzuki’s statements at the G20 finance leaders’ gathering reflected Japan’s preparedness to respond to currency market fluctuations. By expressing the need for appropriate action and acknowledging the undesirability of excessive volatility, the Finance Minister emphasized the significance of stability in the global currency market and its role in supporting the health of the worldwide economy.

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