Excessive fluctuations will negatively affect economic and financial stability

Japanese Minister of Finance, Shunishi Kato, mentioned on Tuesday, “extreme fluctuations will negatively have an effect on financial and monetary stability”.

Further quotes

• Planning to attend the spring conferences of the Worldwide Financial Fund and the World Financial institution in Washington.
• Foreign exchange costs should be decided by the markets.
• It was agreed to speak carefully on Foreign exchange.
• Watch the monetary markets rigorously as a result of it was unstable just lately.

Market response

The US / JPY Japanese / JPY Japanese {dollars} pair was negotiated for the final time at 143.40, up 0.22% through the day.