Regarding the depreciation of the yen to the 151 yen level to the dollar in the foreign exchange market, Minister of Finance Suzuki said at a press conference after the cabinet meeting on the morning of the 26th, ``We will take appropriate action without eliminating all means to deal with excessive movements.'' ``I would like to take appropriate action,'' he said, putting a check on market movements.
In this regard, Finance Minister Suzuki said, ``It is important that the exchange rate remains stable, reflecting the fundamentals of the economy. Excessive fluctuations will increase the uncertainty of corporate activities.'' said.
When asked by reporters about the timing of market intervention, he said, ``I will refrain from giving a specific answer because it could have an unexpected impact on the market, but I am watching the situation with a sense of urgency.'' ``I would like to take appropriate measures against excessive movements without eliminating any means possible,'' he said, putting a check on market movements.
Finance Minister Suzuki: ``We will do our best to minimize the negative aspects.''
Furthermore, Finance Minister Suzuki told the House of Councilors Budget Committee, ``While the weaker yen will improve the profits of companies that export and expand overseas, it will increase import prices, which will increase the burden on companies and consumers. There are positive and negative aspects to the weak yen, but I would like to make sure to make efforts to minimize the negative aspects."