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Japan intervened in forex market to stem weak yen - top currency diplomat Kanda

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TOKYO : The Japanese government has intervened in the foreign exchange market to sell dollars for yen to stem the Japanese currency's recent sharp falls, top currency diplomat Masato Kanda said on Thursday.'We have taken decisive action (in the exchange market),' he told reporters, responding in the affir

TOKYO : The Japanese government has intervened in the foreign exchange market to sell dollars for yen to stem the Japanese currency's recent sharp falls, top currency diplomat Masato Kanda said on Thursday.

"We have taken decisive action ," he told reporters, responding in the affirmative when asked if that meant intervention.

 

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