News Formal

Japan issues fresh warnings against sharp yen falls

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Japan News

Business Business Latest News,Business Business Headlines

TOKYO: Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday (Jun 27), signalling readiness to intervene in the exchange-rate market after the yen's slide to a fresh 38-year low against the dollar.

Japanese Finance Minister Shunichi Suzuki speaks during an event about expanding health coverage for all during the IMF and World Bank’s 2024 annual Spring Meetings in Washington, on Apr 18, 2024. TOKYO: Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday , signalling readiness to intervene in the exchange-rate market after the yen's slide to a fresh 38-year low against the dollar.

Chief Cabinet Secretary Yoshimasa Hayashi also told a news conference on Thursday that Tokyo will take"appropriate" action against excessive currency moves. He declined to comment on yen levels and whether authorities would intervene. The yen's fast-pitch decline below the key 160-to-the-dollar level is heightening market alarm over the chance of imminent yen-buying intervention.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan finance minister says forex intervention should be done in restrained mannerTOKYO: Finance Minister Shunichi Suzuki said on Friday (Jun 7) that recent foreign exchange intervention was conducted to contain excessive volatility, but such action should be done in a restrained manner.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan will respond to excessive foreign exchange movement, finance minister saysTOKYO : Japan will take appropriate action against excessive currency movement, Minister of Finance Shunichi Suzuki said on Friday, stressing the importance of stability in the foreign exchange market.Suzuki made the comments in a regular post-cabinet meeting news conference.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan's FX diplomat says Tokyo ready to respond to rapid FX movesTOKYO: Japan is always ready to take action against excessive market moves, Tokyo's top currency diplomat Masato Kanda said on Monday (Jun 24), as the yen fell close to 160 to the dollar, raising market caution for fresh intervention.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »