TOKYO -The Japanese authorities are in constant touch with their U.S. counterparts and stand ready to take appropriate action in the currency market against volatile yen moves, Finance Minister Shunichi Suzuki said on Tuesday.
"The BOJ is responsible for deciding monetary policy," Suzuki told a regular news conference, adding that the central bank's policy is aimed at achieving price stability.Japan has been conducting yen-buying interventions to address the currency's unwelcome sharp declines, driven in part by the divergence between the BOJ's ultra-loose monetary policy and aggressive interest rate hikes by the U.S. Federal Reserve.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan Finance Minister declines to say whether govt intervened to prop up yenTOKYO -Japanese currency authorities declined on Monday to confirm whether the government had intervened in the currency market on Friday, signalling their determination to engage in a war of nerves with traders selling the yen.Any respite from such an intervention appeared to be brief, however, with dollar/
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan finance minister declines to say whether government intervened to prop up yenTOKYO – Japanese currency authorities declined on Monday (Oct 24) to confirm whether the government had intervened in the currency market on Friday, signalling their determination to engage in a war of nerves with traders selling the yen. Any respite from such an intervention appeared to be brief, however, with dollar/yen rising 1.3 per cent to 149.54 in early trade...
Source: asiaonecom - 🏆 10. / 59 Read more »