Japan has prepared groundwork to take appropriate FX action, Finance Minister says

TOKYO -Japanese Finance Minister Shunichi Suzuki said on Tuesday that last week's trilateral meeting with his U.S. and South Korean counterparts has laid the groundwork for Tokyo to take appropriate action to deal with excessive yen moves.

The fresh warnings against excessive currency moves came after the dollar rose to 154.85 yen, 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. "We are watching market moves with a high sense of urgency," Suzuki told reporters, adding that Tokyo authorities were ready to take action "without ruling out any options" against excessive currency moves.

That dynamic has focused market attention on how the yen's weakness would affect the timing of the next rate hike by the Bank of Japan, after BOJ Governor Kazuo Ueda last week signalled the central bank's readiness to tighten policy if the weak yen's boost to inflation becomes hard to ignore.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Japan's finance minister gives fresh warning on excessive yen movesJapan's finance minister gives fresh warning on excessive yen moves
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Japan ready to take action vs excessive yen volatility, says finance ministerJapan ready to take action vs excessive yen volatility, says finance minister
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Japan's finance minister says 'speculative' moves in currency market impacting yenJapanese Finance Minister warned against speculative currency market moves not reflecting economic fundamentals, repeating concerns over excessive yen declines.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Japan's finance minister sees 'speculative' moves in currency marketJapan's finance minister sees 'speculative' moves in currency market
Fuente: Investingcom - 🏆 450. / 53 Leer más »

South Korea Finance Minister vows measures to stabilise market volatility if neededSouth Korea Finance Minister vows measures to stabilise market volatility if needed
Fuente: Investingcom - 🏆 450. / 53 Leer más »

New capital requirements for Swiss banks will slow growth at UBS, says finance ministerNew capital requirements for Swiss banks will slow growth at UBS, says finance minister
Fuente: Investingcom - 🏆 450. / 53 Leer más »