Minister Jōnai (城内) of State for Economic and Fiscal Policy said that monetary policy should be left to the Bank of Japan and indicated that he would refrain from assessing exchange rates and interest rates. He expressed the view that sharp short-term fluctuations in exchange rates should be avoided, and noted that exchange rates are determined in the market by numerous factors.
Minister Jōnai (城内) of State for Economic and Fiscal Policy stressed that monetary policy should be left to the Bank of Japan. In this context, he indicated that the government would refrain from publicly assessing exchange rates and interest rates.
He also expressed the view that large short-term movements in exchange rates should be avoided, and explained that exchange rates are determined in the market by various factors.