Japan business lobby chief says rapid forex fluctuation undesirable
Masakazu Tokura Chairman of the Japan Business Federation (Keidanren) delivers a speech during the Liberal Democratic Party (LDP) convention on March 17, 2024, in Tokyo, Japan. Rodrigo Reyes Marin/Pool via REUTERS
TOKYO (Reuters) -The head of Japanese business lobby Keidanren, Masakazu Tokura, on Tuesday said rapid foreign exchange fluctuation is undesirable and that currencies must stabilise as much as possible to reflect economic fundamentals.
Tokura was speaking after the U.S. dollar fell below 140 yen.
He also welcomed Japan and the United States engaging in tariff talks earlier this month.
(Reporting by Tetsushi Kajimoto; Editing by Christopher Cushing)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Smart ring maker Oura files for US IPO
- Trump says Britain 'on the edge of disaster,' citing immigration and energy concerns
- Lululemon cuts annual outlook a week before new CEO takes over
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share