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Japan signals readiness to act in FX market if sharp yen volatility persists

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TOKYO : Japan's Finance Minister Shunichi Suzuki said on Friday he would not rule out any options in taking action in the foreign exchange market if sharp weakening in the yen persisted.Suzuki told reporters at the ministry that he was concerned about the recent rapid and one-sided weakening in the yen, w

TOKYO : Japan's Finance Minister Shunichi Suzuki said on Friday he would not rule out any options in taking action in the foreign exchange market if sharp weakening in the yen persisted.

Suzuki told reporters at the ministry that he was concerned about the recent rapid and one-sided weakening in the yen, which hit a 24-year low against the dollar earlier this month. "If such moves persist, the authorities would take necessary action without ruling out any options," he said.

 

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Japan will act 'swiftly' if it intervenes in FX market - Finance MinisterTOKYO : Japanese authorities will act 'swiftly without any interruption' if they decide to intervene in the currency market to stem sharp yen falls, Finance Minister Shunichi Suzuki said on Wednesday.The Ministry of Finance will not announce any plans to intervene in advance, and usually will not confirm
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