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IMF sees Japan committed to flexible exchange rate
2024-01-31 15:09:27

TOKYO (Reuters) - Japanese authorities are committed to a flexible exchange rate, which acts as a shock absorber and supports the Bank of Japan's monetary policy objective, a senior International Monetary Fund (IMF) official said on Wednesday.


"We've had very good discussions with Japanese authorities on exchange rate issues. Let me emphasize, I see no fundamental divergence in views between the Fund and Japanese authorities about exchange rate policies," Krishna Srinivasan, director of the IMF's Asia and Pacific Department, told a news conference.


"Japanese authorities are committed to a flexible exchange rate which acts as a shock absorber, and supports the monetary policy objective of price stability," Srinivasan said.