Japan ready to take action vs excessive yen volatility, says finance minister
© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo/File PhotoTOKYO - Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities were ready to take appropriate action against excessive currency market volatility, without ruling out any options.
With the BOJ's policy rate still stuck around zero, expectations the gap between U.S. and Japanese interest rates will remain wide are giving traders an excuse to keep selling the yen, analysts said. "It's important for currency rates to move stably reflecting fundamentals. Excessive volatility is undesirable," he said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fix Japan’s work culture to fix Japan’s birth rateIt is still possible for a population in decline even as severely as Japan’s to recover, but it requires serious cultural reexamination.
Read more »
Japan FX tsar Kanda says speculation behind weak yen, ready to take actionJapan's top currency diplomat on Monday warned against speculators trying to sell off the yen, saying its weakness did not reflect fundamentals.
Read more »
Japan PM proposed summit with Kim Jong Un, North Korea saysNorth Korea says Japanese Prime Minister Fumio Kishida has proposed a summit with North Korean leader Kim Jong Un. Kim’s sister and senior official, Kim Yo Jong, made the comments in a state media dispatch Monday. Kim Yo Jong said Kishida used an unspecified channel to convey his position that he wants to meet Kim Jong Un at an early date.
Read more »
North Korea says Japan's prime minister proposed summit with leader Kim Jong UnNorth Korea says Japanese Prime Minister Fumio Kishida has proposed a summit with North Korean leader Kim Jong Un
Read more »
Report: US Military Command in Japan to Be RevampedPresident Joe Biden and Japanese Prime Minister Fumio Kishida will unveil a plan next month to restructure the U.S. military command in Japan in the face of shared concerns about China, the Financial Times reported Sunday.
Read more »
Report: US military command in Japan to be revampedPresident Joe Biden and Japanese Prime Minister Fumio Kishida will unveil a plan next month to restructure the U.S. military command in Japan in the face of shared concerns about China, the Financial Times reported on Sunday.
Read more »