JP Finance Minister Says Up to BOJ To Decide Rate Hike Timing, Concerns on Negative Impact from JPY Depreciation
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2024/02/16 03:56 GMT
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It is up to the Bank of Japan (BOJ) to decide whether and when the central bank may end its monetary policy, such as the negative interest rate policy, Shunichi Suzuki, Japanese Finance Minister, said. At present, many investors expect negative interest rates to end in March or April.

The exchange rate of JPY hovered at the 150 level this morning. Suzuki said that there are merits and demerits in weak JPY. However, Suzuki expressed his concern on the negative impact of a soft JPY.

Suzuki emphasized that the exchange rate should reflect fundamentals, and that rapid volatility is undesirable.

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JP Finance Minister Says Up to BOJ To Decide Rate Hike Timing, Concerns on Negative Impact from JPY Depreciation
It is up to the Bank of Japan (BOJ) to decide whether and when the central bank may end its monetary policy, such as the negative interest rate policy, Shunichi Suzuki, Japanese Fi...
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