Japanese Finance Minister Warns Against Speculative Yen Moves, Says Authorities Watching Market Closely

Japanese Finance Minister warns against speculative yen moves
Authorities watching currency market closely, ready to respond
Yen slid to near 150 per dollar, putting focus on possible intervention
Finance Minister declines to comment on intervention possibility
Volatility, not levels, will determine any intervention decision

reuters.com

Relevant topic timeline:

9/1/2023

Japan finance minister offers no clues on intervention as yen weakens

Japanese Finance Minister Shunichi Suzuki suggests that currencies should be determined by the market, with no indication of intervening to support the weakening yen, despite concerns over rising import costs.

9/22/2023

Japanese Government Monitoring Currency Markets Closely Amid Recent Volatility

Japan’s Chief Cabinet Secretary Hirokazu Matsuno is closely monitoring the movements of forex markets with a high sense of urgency and expects the Bank of Japan to cooperate closely with the government.

10/4/2023

Finance Minister Remains Coy on Yen Intervention, Stresses Importance of FX Stability

Japanese Finance Minister Shunichi Suzuki refrains from commenting on whether Japan intervened in the foreign exchange market, emphasizing the importance of currency rates set by the market and the need for FX stability.

10/13/2023

Japan Warns May Intervene if Yen Falls Too Far on Dollar Strength

Japanese Finance Minister Shunichi Suzuki has informed G20 counterparts that Tokyo may need to take action based on currency market movements, particularly due to excess volatility.

10/13/2023

Japan Warns Against 'Excessive' Yen Moves, Hints at Possible Intervention

Japan's Finance Minister Shunichi Suzuki has warned investors about the need for appropriate responses in the foreign exchange market, emphasizing that excessive moves in the currency market are undesirable.

10/16/2023

Bank of Japan Governor Downplays Yen Weakness, Says Interest Rates Just One Factor Affecting Forex

Japan's top currency diplomat, Masato Kanda, stated that the country will take appropriate action in the forex market when necessary, while also noting that the yen is still considered a safe asset along with the Swiss Franc and US Dollar, and that the impact of the Middle East crisis on the Japanese economy cannot be foreseen.

Topics

Posted 10/3/2023, 2:00:26 AM

Japanese Finance Minister Warns Against Speculative Yen Moves, Says Authorities Watching Market Closely

Japanese Finance Minister warns against speculative yen moves
Authorities watching currency market closely, ready to respond
Yen slid to near 150 per dollar, putting focus on possible intervention
Finance Minister declines to comment on intervention possibility
Volatility, not levels, will determine any intervention decision

reuters.com

Relevant topic timeline:

9/1/2023

Japan finance minister offers no clues on intervention as yen weakens

9/22/2023

Japanese Government Monitoring Currency Markets Closely Amid Recent Volatility

10/4/2023

Finance Minister Remains Coy on Yen Intervention, Stresses Importance of FX Stability

10/13/2023

Japan Warns May Intervene if Yen Falls Too Far on Dollar Strength

Japanese Finance Minister Shunichi Suzuki has informed G20 counterparts that Tokyo may need to take action based on currency market movements, particularly due to excess volatility.

10/13/2023

Japan Warns Against 'Excessive' Yen Moves, Hints at Possible Intervention

10/16/2023

Bank of Japan Governor Downplays Yen Weakness, Says Interest Rates Just One Factor Affecting Forex