Japanese Finance Minister Shunichi Suzuki said on Friday authorities may need to smooth any excessive yen moves that hurt households and companies. "If there are excessive moves, we may need to smooth them out," he added. Suzuki declined to comment on whether current yen levels were appropriate, or whether his ministry intervened in the currency market.
Pete Crow-Armstrong did what he could to avoid the tag, baffling announcers.
Economic leaders of South Korea, Japan and China said on Friday heightened foreign exchange market volatility was one of the risk factors that could affect regional growth prospects in the near term. "Risks could affect ASEAN+3 prospects in the near term, including geopolitical tensions, a spike in global commodity prices and transportation costs, and a slowdown in the growth of major trading partners, as well as heightened foreign exchange market volatility driven by negative spillovers from external factors," they said.