News Formal

Japan ready to take 'decisive' steps on yen - finance minister

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

TOKYO :Japan stands ready to take 'decisive' steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki said on Monday, in a fresh warning against investors selling off the Japanese currency.'It's important for currencies to move stably, as sharp and one-sided moves

TOKYO :Japan stands ready to take"decisive" steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki said on Monday, in a fresh warning against investors selling off the Japanese currency.

"It's important for currencies to move stably, as sharp and one-sided moves are undesirable," Suzuki said in a post-cabinet meeting news conference, referring to the yen's recent sharp declines. "We intervened the other day and we have said we would take decisive steps as needed. There's no doubt this has guarded against speculative moves," he said.

Japan spent up to 2.8 trillion yen intervening in the foreign exchange market last month to prop up the yen when it fell to a 24-year low near 146 yen. It was last trading at 144.75 to the dollar. Asked about the large size of intervention, Suzuki said the amount was decided by taking comprehensive factors into account.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 6. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Tokyo hopes to attract start-ups and investment as borders come down: KoikeThe weak yen, resumption of visa-free travel to Japan will hopefully draw investors to take interest in the city. Read more at straitstimes.com.
ソース: STForeignDesk - 🏆 4. / 71 続きを読む »