Yoshihide Suga Quotes

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are foolproof, that's exactly the case.

The most important quality of a currency is its stability.

I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable.

Since we don't use any type of currency manipulation schemes - we have a floating exchange market - we are very glad to consider any type of process that would stabilize the Mexican peso.

Exchange rate understandings are of little use on their own.

A flexible exchange rate is important, and it shouldn't be artificially restrained because of the needs of the economy.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

Our foreign-exchange reserves when I took over were no more than a billion dollars; that is, roughly equal to two weeks' imports.

You've had an extremely weak euro on the foreign exchange markets, you've had a very dubious policy being followed.

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

I don't have a shred of regret about entering the exchange-rate mechanism.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

Our dollar is now altogether too greatly influenced by the accidents of international trade, by the internal policies of other nations and by political disturbance in other continents. Therefore the United States must take firmly in its own hands the control of the gold value of our dollar. This is necessary in order to prevent dollar disturbances from swinging us away from our ultimate goal.

Our system works best if the value of money stays the same.

In a global marketplace with its increased insecurities and - indeed often - volatility and instability, national economic stability is at a premium, the precondition for all we can achieve, and no nation can secure the high levels of sustainable investment it needs without both monetary and fiscal stability together.

Currency regimes in the past were always destroyed by volatility. So sooner or later, people desire a currency that is stable.

I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.

We are still keeping, as much as we can to the one million commitment that we made, hoping that at a certain point in time, the headwinds represented by the strength of the yen will be a little bit less strong.

The question is not really about a shift to the economic cone where officers are writing about the balance of payments and the need for economic stabilization.

Devaluations are never easy.

Our membership of the euro is a guarantee of monetary stability and creates the right conditions for sustainable growth. Our membership of the euro is the only choice.

The participation of our country in the eurozone is a guarantee for the country's monetary stability. It is a driver of financial prosperity.

There's a lot of companies that profit from a weak dollar.

Chances are the movements of the euro as against the dollar will be relatively moderate.