Japan business lobby chief says rapid forex fluctuation undesirable
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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)
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