Japanese Economic Minister Shindo says important for currencies to move in stable manner

<p>Japanese Economic Minister Shindo</p><ul><li>
Must carefully monitor whether output gap to remain in growth
territory</li><li>Japan's consumption
turned to contraction due to inflation, seen unstable</li><li>Important for
currencies to move in stable manner reflecting fundamentals</li><li>Won't comment on
forex levels</li><li><p>
Weak yen has various effects on economy such as raising import costs
for consumers, improving competitiveness of exporters</p></li></ul><p>Adding to remarks earlier from the fin min:</p><ul><li><a href="https://www.forexlive.com/centralbank/japans-finance-minister-suzuki-says-rapid-fx-moves-are-undesirable-20230926/" target="_blank" rel="follow" data-article-link="true">Japan's Finance minister Suzuki says rapid FX moves are undesirable</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.