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Indonesia Finance Minister Suahasil Nazara pledged policy continuity and reaffirmed that the country will maintain its 3% GDP budget deficit cap, despite parliamentary debate over raising it. Speaking to Haslinda Amin, Nazara sought to reassure investors as amidst a backdrop of uncertainty over the currency. (Source: Bloomberg)
Tokyo, Sept. 25 (Jiji Press)--Japanese Finance Minister Satsuki Katayama said Friday she and U.S. Treasury Secretary Scott Bessent reaffirmed at their online meeting the same day that "the undervaluation of the yen is a problem." Katayama revealed this in talks with reporters after the virtual meeting. "We exchanged views on financial market developments," she also said. "We also reconfi...
The yen headed for its biggest daily gain in more than two weeks after Finance Minister Satsuki Katayamaโs latest comments on the currency kept traders on alert for the risk of intervention.