Zhitong Finance APP learned that on June 21, local time, Japanese Finance Minister Shunichi Suzuki said that he was worried about the recent rapid depreciation of the yen and would make appropriate responses to the exchange rate when necessary. With the yen hovering near 24-year

Zhitong Finance APP was informed that on June 21, local time, Japanese Finance Minister Shunichi Suzuki expressed concerns about the recent rapid depreciation of the yen and would make appropriate responses to the exchange rate when necessary. With the yen hovering near 24-year lows against the dollar, Shunichi Suzuki issued another warning.

As of press time, the exchange rate of the US dollar against the Japanese yen was 135.07 yen per US dollar.

Shunichi Suzuki said, "The government will be in close contact with the Bank of Japan, while paying attention to the foreign exchange market and its impact on the economy and prices with a greater sense of urgency." "We will maintain close communication with the monetary authorities of other countries and monitor the situation when necessary." Suzuki Junichi said that Japan will follow the consensus of the Group of Seven that excessive volatility and disorderly measures will harm economic and financial stability.

According to Japanese media reports, Japanese Prime Minister Kishida Fumio and Bank of Japan Governor Kuroda Haruhiko held talks on the 20th and exchanged views on recent foreign exchange market trends. In the post-meeting interview, Kishida Fumio revealed that during the talks, "the sharp depreciation of the yen was mentioned as a worrying issue."

Kuroda Haruhiko also said in an interview after the meeting, "The sharp depreciation of the yen has brought various uncertainties to the company's business plan, and we do not want this to happen." He said he would pay attention to the trends in the foreign exchange market and "cooperate with the government to respond appropriately."

As it focuses on supporting a moderate economic recovery, the Bank of Japan announced on Friday that it would maintain ultra-low interest rates and vowed to defend its cap on bond yields through unlimited purchases to fight the wave of global monetary tightening.