Japan finance minister declines to say whether government intervened to prop up yen

Japan's Finance Minister Shunichi Suzuki speaks at a news conference after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen in Tokyo, Japan, on Sept 22, 2022.TOKYO – 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.

Sources told Reuters that the dollar's plunge by as much as by seven yen overnight on Friday was caused by authorities' yen-buying action for the second time in as many months. On Sept 22 they stepped in to prop up the yen for the first time since 1998. "I won't comment," Finance Minister Shunichi Suzuki told reporters at the finance ministry, when asked about intervention.

Singapore Singapore Latest News, Singapore Singapore 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 intervened, buying yen in foreign exchange market Friday -sourcesTOKYO -Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting to shore up the battered currenc
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »