Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiTOKYO - Japanese monetary authorities made a last-minute decision to bring forward to Wednesday an emergency meeting on the weak yen that was originally scheduled for Thursday, to maximise the impact of arresting sharp yen falls, a source with knowledge of the matter told Reuters.
The MOF remained mum on the timing of the meeting as it calibrated the right moment. The announcement came less than an hour before the meeting began on Wednesday evening. "It worked," the source said on the decision to push forward the timing of the meeting."If we waited until Thursday, it could have caused the yen to plunge."
The three-party meeting was first held in 2016, originally with the aim of signalling authorities' alarm over excessive rises in the yen that hurt Japan's export-reliant economy.