Japanese Finance Minister Shunichi Suzuki reiterated his concern about the sharp depreciation of the yen and indicated that the government is ready to intervene in the currency market once again.
“We cannot tolerate excessive movements caused by speculation” about the yen, Suzuki told reporters in Washington.
“We will take appropriate action if there are any excessive movements,” he added.
Suzuki said Japan does not have a specific target for the yen but focuses on its volatility to weigh possible intervention. He said he had received no comments from the G-20 on recent government interventions in the foreign exchange market.
This Wednesday (12), the dollar advanced to the highest level against the yen in 32 years, in a context of search for the security of the dollar and aggressive monetary tightening in the US due to high inflation.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
