HomeEconomyJapan says ready to take action in FX market if wild yen... Economy Japan says ready to take action in FX market if wild yen volatility persists By inew September 16, 2022 0 122 views Share FacebookTwitterPinterestWhatsApp SHCAY 0.% Add to Watchlist/Remove from Watchlist Add to watchlist Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: Passing by Kajimoto Tetsushi and Komiya Kantaro TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday he would not rule out taking action in the foreign exchange market any choice. If the yen continues to weaken sharply. Suzuki told reporters at the ministry that he was concerned about the recent rapid unilateral devaluation of the yen, which hit a -this month Earlier this year’s low against the dollar. His comments reiterated similar remarks made by Japanese authorities earlier this month. Earlier on Wednesday, the Bank of Japan conducted an interest rate review with banks, apparently ready to step in to stem the yen’s sharp fall. “If such a move continues, the authorities will take necessary action without excluding any options,” Suzuki said. “Currency stability is important and reflects economic fundamentals. Sharp (OTC: SHCAY) action is not advisable.” Suzuki said that a weak yen has advantages and disadvantages, and he cannot say whether it is right or wrong. USD fell by 0. % against the yen against 24.00, speculation that Japanese authorities may intervene in the currency has help. Market attention is focused on a series of monetary policy meetings from the Federal Reserve, the Bank of Japan and the Bank of England next week. The divergence in monetary policy between Japan and other developed countries could further weaken the yen as the Fed raises interest rates and the Bank of Japan maintains massive stimulus. Officials will do it Suzuki Said that the devaluation of the yen will be used to the maximum extent in inbound tourism and other fields to attract tourists to Japan to stimulate the economy. The government also aims to prepare an economic package of targeted spending to help those affected by the weaker yen, he said. People affected by the rising cost of living. Share FacebookTwitterPinterestWhatsApp Previous articleIndia's current account deficit could jump to near decade high: Reuters pollNext articlePark Ghibli previews Ghibli's Great Warehouse District in new video inewhttps://inew.news RELATED ARTICLES Economy McCarthy says Biden must tighten border to avert US government shutdown September 26, 2023 Economy Japan maintains modest economic recovery view, raises corp profits assessment September 26, 2023 Economy Dimon: “Not sure if world is prepared” for 7% Fed rate – Times of India September 26, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Totto-Chan: The Little Girl at the Window Anime Film Reveals 4 Cast Members September 26, 2023 McCarthy says Biden must tighten border to avert US government shutdown September 26, 2023 “Fake Carol’s” Message to the Real AMPTP President: “Babe, You Don’t Have to Keep Doing This” September 26, 2023 Takahiromiyashita The Soloist Spring 2024 Menswear September 26, 2023 Load more Featured NEWS More tightening ahead, senior central banker tells ECB forum June 28, 2023 ‘The Caine Mutiny Court-Martial’ Review: Kiefer Sutherland and Jake Lacy in William Friedkin’s Swaggering Final Film September 4, 2023 Which prospects have the best tools?We asked MLB executives January 11, 2023 Ready for everything: Forrester prepares IT leaders to “fit for the future” September 22, 2022 Load more
