Japan will take appropriate steps vs excessive yen moves - finance min By Reuters

© Reuters. FILE PHOTO: Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. Picture taken January 31, 2022. REUTERS/Issei Kato/Fil

"The government is watching market developments very carefully. We're ready to take necessary action against excess volatility, without ruling out any options," he added. "Even if that's not the case, if we see one-sided moves accumulate into very big moves in a certain period of time, that's also excess volatility," he said. He declined to comment on whether the overnight yen moves were excessive.

Tokyo last intervened to buy yen in September and October last year, when the Japanese currency eventually slumped to a 32-year low of 151.94 per dollar.

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's Q3 business mood improves in boost to economic outlook By ReutersJapan's Q3 business mood improves in boost to economic outlook
Source: Investingcom - 🏆 450. / 53 Read more »

Japan's business mood improves, capex firm in boost to economic outlook By ReutersJapan's business mood improves, capex firm in boost to economic outlook
Source: Investingcom - 🏆 450. / 53 Read more »

Japan stocks soar as yen hits 1-year low By ReutersJapan stocks soar as yen hits 1-year low
Source: Investingcom - 🏆 450. / 53 Read more »