Japan fin min Suzuki says he confirmed close communication on FX with US' Yellen

Japan finance minister Suzuki says he confirmed with Yellen that the US and Japan will communicate closely on FX

• discussed with U.S. Yellen recent market developments, in particular recent dollar/yen moves
• explained to Yellen recent yen falls are rapid
• confirmed with US Treasury Secretary Yellen to adhere to G7 agreement on fx
• cannot say how US Yellen responded in talks on forex
• talked about USD/JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term in the context of explaining broader state of Japan's economy, didn't voice concern the Yellen over its moves

Suzuki would like to slow the fall in the yen, which has been going on for weeks and months at a rapid pace.

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