• Suzuki is closely monitoring foreign exchange (FX) movements.
• Acknowledges that FX dynamics are influenced by various factors.
• Emphasizes the government’s vigilant observation of FX developments.
• Stresses the importance of stable FX movements aligned with underlying economic fundamentals.

Market Reaction: The Japanese Yen is in the process of recovering some of its losses following these remarks, leading to a decline in USD/JPY to 148.25. Despite the pullback, the pair remains 0.07% higher for the day.