Yen's rebound will hopefully push down import costs, Japan finance minister says

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TOKYO :Japan is closely monitoring foreign exchange movements with hopes that the recent rebound in the yen could push down costs of imports, Finance Minister Shunichi Suzuki said on Friday".

"We are hoping that import prices will cool down to certain levels if the yen's weakness is reversed.

Suzuki also reiterated that it was important for currencies to move in a stable manner reflecting economic fundamentals and that Tokyo would act appropriately.

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Category: EconomyBusiness

Markets: SingaporeJapanMorocco

Topics: Tokyo Movements Bank Stock Finance Suzuki Japanese Market Exchange Minister Foreign

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 10:28:42 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21893966

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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