Japan’s Takaichi says will take appropriate actions on FX if necessary
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Japanese Prime Minister Sanae Takaichi said on Tuesday that she will make appropriate economic and fiscal decisions at appropriate timing. Takaichi further stated that she will take into account interest rates, foreign exchange and prices.
Key quotes
Will make appropriate economic, fiscal decisions at appropriate timing while taking into account interest rates, FX and prices.
Watching market moves closely.
Important for currencies to move in stable manner reflecting fundamentals.
Difficult to single out impact of fiscal policy on interest rates, FX as they are determined by various factors.
Market reaction
The USD/JPY pair is losing 0.01% on the day to trade at 155.95 at the press time.
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