Following Wednesday's tripartite meeting between the Bank of Japan, the Ministry of Finance (MoF) and the Financial Services Agency (FSA), Japan's top foreign exchange diplomat, Masato Kanda, said: “will not rule out any measure to respond to disorderly currency movements“.
Additional comments
Recent Yen Movements Do Not Reflect Fundamental Variables
There are speculative movements behind the recent movements of the Yen.
I closely follow the movements of the foreign exchange market with great urgency.
I don't consider a 4% move in two weeks to be a smooth move..
The BoJ official said that if currency market movements affect the economy and price trends, the central bank will respond through monetary policy..
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
