It will continue to monitor, analyze the impact of the US rate cut on the Japanese economy and financial markets

Japan’s Finance Minister Shunichi Suzuki said on Friday that he would “continue to monitor and analyze the impact of the latest US interest rate cut on Japan’s economy and financial markets.”

“The Federal Reserve Bank’s (FRB) view of the US economy is consistent with the Japanese government’s view that the US economy will expand,” he added.

Market reaction

USD/JPY was last seen trading 0.13% lower on the day at 142.45, pending the Bank of Japan’s (BoJ) policy decision.