TOKYO -Japanese authorities will remain vigilant to currency market moves, finance minister Shunichi Suzuki said on Tuesday, as the yen continued its downturn to fresh 38-year lows.
"Foreign exchange levels are set by the market reflecting a complex mix of various factors, including inflation, current account balance, market sentiment and speculative moves," he said. "We'll continue to closely watch the market." When asked about the effectiveness of verbal interventions, Suzuki said his comments on foreign exchange are generally in response to questions from reporters and that he was not in a position to comment on their effectiveness.
A divergence in the stock market is now the biggest it’s ever been, signaling more vulnerability ahead, economist says
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