Japanese Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and Korean Finance Minister Choi Sang-mok on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024. REUTERS/Kevin Lamarque/File PhotoTOKYO: Japanese authorities will work closely with overseas counterparts to deal with excessive volatility in the foreign exchange market, Finance Minister Shunichi Suzuki said on Tuesday .
The comments came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990, keeping markets on heightened alert for any signs of intervention from Tokyo to prop up the yen. At Tuesday's press conference, Suzuki repeated his recent warnings to speculators, saying the government is ready to respond appropriately to excessive exchange moves.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan's finance minister gives fresh warning on excessive yen movesWASHINGTON : Japanese Finance Minister Shunichi Suzuki said on Friday authorities would take appropriate action against excessive currency market moves, repeating his warning to investors against pushing down the yen too much.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan's finance minister sees 'speculative' moves in currency marketTOKYO : Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan, US finance chiefs agree to closely communicate on FXWASHINGTON : Japan and the United States agreed to closely communicate on currency markets, Japanese Finance Minister Shunichi Suzuki said on Wednesday after a meeting with U.S. Treasury Secretary Janet Yellen.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan's Finance Minister Hints at Possible Market Intervention as Yen WeakensJapan's finance minister has stated that they are closely monitoring the yen's weakness and are prepared to take all possible measures to respond to the situation if necessary. This comes after the yen slumped to a fresh 34-year low following stronger than expected US retail sales figures.
Source: straits_times - 🏆 5. / 69 Read more »
Japan ready to take action vs excessive yen volatility, says finance ministerTOKYO : Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities were ready to take appropriate action against excessive currency market volatility, without ruling out any options.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »