By Tetsushi Kajimoto TOKYO -Japan's finance minister said on Tuesday that authorities won't rule out any options in dealing with excessive currency volatility, underlining a warning that hasBy Tetsushi Kajimoto
Pressured by Japan's ultra-easy monetary policy, the currency has slipped in recent days towards 150 per dollar, a level seen by financial markets as a red line that would spur Japanese authorities to intervene, like they did last year.Later as the yen fell beyond 149 per dollar, its weakest since October 2022, he said"we are closely watching currency moves with a high sense of urgency.
The minister signalled that Japan is trying to win the consent of its key Group of Seven allies to take action if needed. The G7 rich nations make it a rule that countries need to inform their counterparts before they intervene in currency markets. The bulk of Japan's past intervention was conducted in the dollar/yen exchange rate to stem yen strength, rather than weakness, in order to protect all-important exports.
France Dernières Nouvelles, France Actualités
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