FILE PHOTO: 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.
When asked about the government's obligations to disclose whether it has intervened in the markets or not, Suzuki said authorities"would closely monitor market developments and take appropriate actions when needed."After the yen hit a 34-year low of 160.245 per dollar on April 29, Japanese authorities are suspected to have spent more than 9 trillion yen intervening in the market last week to prop up the currency.
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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.
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