TOKYO : Japan would take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar.
Suzuki warned against investors pushing the yen too low as the currency weakened past 145 per dollar on Friday, a level which kept speculators wary of potential intervention from Japanese authorities. "It is important for currencies to move stably reflecting fundamentals," Suzuki told reporters."Sharp and one-sided moves are seen in the currency market lately. We will respond appropriately if the moves become excessive."Source: Reuters
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:
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, S Korea to discuss FX swap deal in first finance talks for 7 yearsTOKYO : Japan and South Korea will hold their first bilateral finance dialogue in seven years on Thursday, with both looking to mend strained ties as they face common geo-strategic risks from an increasingly assertive China and an unpredictable North Korea.Japanese Finance Minister Shunichi Suzuki and his
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan finance minister declines to rule out any options on weak yenTOKYO : Japan will not rule out any options in responding to currency market moves that become excessive, Finance Minister Shunichi Suzuki said on Thursday, firing off a fresh warning and adding that one-sided, unstable yen moves were undesirable.The comments come amid market speculation that authorities
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan, South Korea to discuss FX swop deal in first finance talks since 2016They are set to revive a bilateral currency swop arrangement to symbolise improved relations. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »