Japanese New Top Foreign Exchange Official: Market Situation Stable, No Need for Panic
Publication Time:2024-08-07 19:56:05
Tsuneko Miyasaka, Japan's new top foreign exchange official, has stated that in the face of the current market conditions, investors and the public should maintain composure and not be overly concerned about the volatility of the foreign exchange market. He emphasizes that the stance of Japan's foreign policy remains unchanged, aiming to uphold the stability and health of the foreign exchange market. Miyasaka further explains that Japan's economy is undergoing a moderate recovery process, which has not changed. In his view, the performance of the foreign exchange market should reflect the fundamentals of the economy while maintaining stability, rather than merely focusing on short-term fluctuations in exchange rates. Therefore, he calls on market participants to pay attention to changes in the economic fundamentals rather than excessively focusing on the ups and downs of exchange rate levels.
stable market situation
foreign exchange intervention
economic recovery