TOKYO -Japan's Finance Minister Shunichi Suzuki said on Tuesday there was no policy contradiction between the finance ministry's yen-buying to support the currency and the Bank of Japan printing money to sustain its ultra-loose monetary policy.
Suzuki made the remarks at a news conference when asked whether the BOJ's monetary easing may cause excessive yen weakening and whether the policy mix between the government and the central bank was having the intended effects. Japan has been conducting yen-buying interventions in the foreign exchange market to defend the yen against sharp declines, which have been driven in part by the widening divergence between Japanese and U.S. interest rates.
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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/
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
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...
مصدر: asiaonecom - 🏆 10. / 59 اقرأ أكثر »
Japan in constant touch with US on currency market - Finance Minister SuzukiTOKYO -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.Suzuki also said he saw no contradiction between the government's yen-buying curren
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »