Japan business lobby chief says rapid forex fluctuation undesirable
Tweet
Share
E-mail
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
- UK construction slides again, pulled down by weak housebuilding, PMI shows
- Russia’s Sechin says China, not OPEC, calls shots on global energy markets
- China rare earth firms halt some US shipments over geopolitical worries, sources say
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!
