Japan's top currency diplomat Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan, on Jan 31, 2022. TOKYO: Japan is always ready to take action against excessive market moves, Tokyo's top currency diplomat Masato Kanda said on Monday , as the yen fell close to 160 to the dollar, raising market caution for fresh intervention.
Kanda said that he was aware that the yen's decline towards 160 to the dollar prompts market caution about intervention, but noted that the authorities have set no specific levels in mind on when to intervene. Kanda also said the addition of Japan to the US Treasury's foreign exchange monitoring list had"absolutely no impact" on Tokyo's policy options.
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