Japan Finance Minister says it's difficult to comment on chance of FX intervention

FILE PHOTO: Examples of Japanese yen banknotes are displayed at a factory of the National Printing Bureau producing Bank of Japan notes at a media event about a new series of banknotes scheduled to be introduced in 2024, in Tokyo, Japan, November 21, 2022.

Suzuki made the comment as the yen steadied against the dollar as it drew some support from expectations of further rate hikes from the Bank of Japan later this year and some jaw-boning efforts from Japanese government officials. The dollar was last 0.28 per cent higher against the yen at 151.655, after the Japanese currency had rallied in Asian trading and reversed some of its heavy losses in the wake of this week's BOJ policy shift.

Suzuki told reporters after a cabinet meeting that it was important for currencies to move stably reflecting fundamentals and that authorities are closely watching their moves"with a high sense of urgency.""I'll refrain from commenting on a chance of currency intervention, which is one of the hardest one to comment, as I say I won't comment on the currency market," he said.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Finance Professionals in India to Receive Higher Salary Hikes than Hong Kong and Singapore in 2024Finance professionals in India are projected to receive higher salary hikes in 2024 compared to those in Hong Kong and Singapore, as companies take advantage of India's economic boom amidst China's slowdown. Salaries in India could rise by 10% in 2024, while the financial hubs of Hong Kong and Singapore are expected to see a 4% increase. Major financial institutions such as HSBC Holdings, Julius Baer Group, Mitsubishi UFJ Financial Group, and DBS Group Holdings are expanding their operations in India to tap into the nation's growing wealth. Investment bankers in India already earn more than their counterparts in Singapore and Hong Kong, with average base salaries being 4.5% higher in India.
Fuente: straits_times - 🏆 5. / 69 Leer más »

Adopt 'Malaysia First' attitude to strengthen ringgit, says country's finance ministryKUALA LUMPUR: The Malaysian government urges all parties to work together and take a whole-of-nation approach to strengthen the value of the ringgit, says the finance ministry.
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »