Japan finance minister Suzuki
- says rapid yen moves are undesirable
- expects the Bank of Japan to guide policy appropriately
Suzuki was questioned on BOJ monetary stimulus as a factor behind the yen weakness:
- currencies move on various factors
As I, and a lot of people, have pointed out, policy divergence between the BOJ (super-loose monetary policy) and the Federal Reserve (embarking on a tightening path) is of course a factor behind yen weakness. This is macro 101.
