Japan finance minister Suzuki concedes that a weak yen has pros and cons

More remarks from Suzuki

• won’t comment on forex levels.
• says the weak yen has merits and demerits.
• is concerned about the negative aspect of the weak yen.
• says rapid FX moves are undesirable.
• believes FX stability is favourable.
• is closely watching FX moves with a sense of urgency.
• adds that an ned to the Bank of Japan’s negative interest rate policy will not immediately prompt the government to declare a complete end to deflation

More of the same from Suzuki.

Earlier:

USD/JPY update, the USD is a little stronger across the board in Asia, along with US yields: