Tokyo, Nov. 21 (Jiji Press)–Japanese Minister of Finance Satsuki Katayama on Friday hinted that Tokyo may conduct a foreign exchange intervention following the recent depreciation of the yen. “We will take appropriate action as necessary in response to excess volatility and disorderly movements in consideration of a joint statement of the Japanese and U.S. finance ministers,” she told a news conference. Currency market interventions are “possible,” she added. “We are concerned that the recent movements are one-sided and rapid,” she said. The joint statement released in September reads that the two countries agreed to reserve currency interventions for combatting excess volatility and disorderly movements in exchange rates. In Tokyo currency trading Friday, the dollar stood at 157.28-30 yen at 1 p.m., down from 157.46-47 yen at 5 p.m. Thursday. Katayama’s remarks triggered bouts of yen buybacks. END [Copyright The Jiji Press, Ltd.]
Japan MOF Katayama Hints at Forex Intervention
Related Posts
Japan Govt Adopts 21.3-T.-Yen Comprehensive Economic Package
Tokyo, Nov. 21 (Jiji Press)–The Japanese government on Friday adopted a comprehensive economic package worth some 21.3 trillion yen in state funds, aiming to achieve a strong economy through strategic fiscal spending. The first economic package compiled under Prime Minister Sanae Takaichi,
Abe Shooter Says He Should Not Have Lived until Now
Nara, Nov. 20 (Jiji Press)–Tetsuya Yamagami, on trial for the 2022 murder of former Japanese Prime Minister Shinzo Abe, said in Nara District Court on Thursday that he should not have lived to his current age of 45, given the consequence of
