Japan may have to take action against any disorderly, speculative-driven foreign exchange moves, the government's top currency diplomat Masato Kanda said, reinforcing Tokyo's readiness to intervene again to support a fragile yen. More here: https://t.co/u3js7ooQC6
Japan may have to take action against any disorderly, speculative-driven foreign exchange moves, the government's top currency diplomat Masato Kanda said, reinforcing Tokyo's readiness to intervene again to support a fragile yen https://t.co/0s2lvyII9F
Japan Warns of Action over Rapid Currency Moves https://t.co/bNVZhW9yje
Japan's top currency diplomat, Masato Kanda, has expressed concerns about the significant impact of excessive foreign exchange movements on the Japanese economy. Kanda emphasized the government's readiness to intervene in the forex market to stabilize the yen, highlighting that such actions could be necessary to counter disorderly, speculative-driven movements. He also noted his commitment to dealing with market fluctuations around the clock, regardless of his location. Finance Minister Suzuki also remarked on the situation, stating that foreign exchange rates should reflect economic fundamentals and described excessive volatility as undesirable. However, both Kanda and Suzuki have refrained from commenting on specific forex levels or confirming any recent interventions.