Japan ‘most certainly’ will intervene in FX market if needed -top FX diplomat
TOKYO (Reuters) – Japan has not intervened in the currency market yet but will “most certainly” do so when necessary, the country’s top currency diplomat, Masato Kanda, said on Thursday.
“Markets are making very volatile moves,” Kanda, vice finance minister for international affairs, told reporters. “We cannot tolerate excess volatility and disorderly currency moves,” he said when asked about the yen’s recent slide to fresh 24-year lows.
(Reporting by Kaori Kaneko and Takaya Yamaguchi, writing by Leika Kihara; Editing by Chang-Ran Kim)
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Follow Us
