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Japanese Prime Minister Fumio Kishida emphasizes the importance of maintaining monetary easing and warns against a weakening yen. Kishida seeks to end deflation and arrange a meeting with North Korean leader Kim Jong Un. Japanese officials signal readiness to intervene in the foreign exchange market due to speculative yen movements.
Japan’s top currency official says recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive swings in the exchange rate https://t.co/39amxLoIIm
Japan has now signalled that officials are on standby to intervene in the market to address the yen. Gold is at record highs in Japan. The Bank of Japan has distorted its capital markets, and the world will feel the effects.
Could Japan intervene to boost yen during Easter weekend when many markets around world are closed through Monday? @marcmakingsense notes this has this has been central banks' modus operandi in past. Odds of Japan FX Intervention While U.S, EU Markets Closed 'Relatively High':…