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Japanese Finance Minister Shunichi Suzuki said on Friday authorities should be vigilant to any downside risks stemming from the U.S. Federal Reserve’s monetary policy tightening, which has pressured the yen to historic lows.
The yen has tumbled on the widening spread between U.S. and Japanese interest rates, with the Fed’s aggressive interest rates hikes contrasting sharply with the Bank of Japan’s massive monetary stimulus.
“We need to continue to monitor how U.S. inflation and any changes in its monetary policy could affect Japanese and global economy,” Suzuki told reporters.
