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Japan’s Prime Minister says it’s important to keep close ties with foreign exchange authorities.

Tokyo (Reuters) – In an interview with the Nikkei newspaper that came out on Friday, Japanese Prime Minister Fumio Kishida said it was important for Japan to keep close ties with foreign currency authorities.

“Quick changes in the exchange rate are bad for everyone,” Kishida told Nikkei. He also said that the recent rise in raw material prices and the weak yen have hurt Japanese households and businesses.

When asked about the yen’s drop to 20-year lows, Kishida told the paper, “It’s important to keep in close touch with currency authorities in other countries.” This would help stabilize currency moves.

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