Japan will take “bold action” if necessary to contain currency volatility, issuing its strongest warning yet of possible intervention after the yen hit a 32-year low.
Excessive currency moves are having a negative impact on the economy and the country stands ready to take action if they continue, chief currency official Masato Kanda said in Washington late Friday. The current situation increases the likelihood that Japan will have to take “necessary steps” again, he added, declining to comment on the details of possible measures.
Can’t view this article?
This could be due to a conflict with your ad blocking or security software.
Please add japantimes.co.jp and piano.io Add to your allowed websites list.
If this doesn’t solve the problem or you can’t add the domains to your allow list, please visit this support page.
We sincerely apologize for the inconvenience.
In a time of both misinformation and too much information, Quality journalism is more important than ever.
By subscribing you can help us get the story right.
SUBSCRIBE NOW
Comments are closed.