Economics
Japan’s Kato Warns of Negative Impact of Sudden Yen Moves
- New finance minister speaks after sharp weakening of currency
- Calls for clear BOJ communication, pledges fast economic steps
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Sudden moves in Japan’s currency hurt companies and households, and that impact requires close government scrutiny, Japan’s newly appointed finance minister said, following a pronounced slide in the yen in recent days.
“The problem is sharp currency fluctuations can have a negative impact on business activity and doesn’t help citizens’ lives,” Katsunobu Kato said in a group interview Monday, after being appointed finance chief by Prime Minister Shigeru Ishiba last week.