Your current location is:{Current column} >>Text
Japan would decide appropriately on any excess yen moves
{Current column}8People have watched
IntroductionTOKYO (Reuters) - Japan would decide appropriately on whether to intervene to stem any excess yen we ...

TOKYO (Reuters) - Japan would decide appropriately on whether to intervene to stem any excess yen weakening, a senior lawmaker in the country's ruling coalition party said on Friday, as the Japanese currency slumped to a 32-year low against the dollar.
Keiichi Ishii, secretary general of Komeito party, an ally of the ruling Liberal Democratic Party, made the comment hours after Japanese Finance Minister Shunichi Suzuki reiterated the government's readiness to take "appropriate action" at the Group of 20 financial leaders' meeting in Washington.
The yen tumbled overnight to a 32-year low, driven by news that U.S. data showed consumer inflation at 8.2%, bolstering views that the Federal Reserve would keep on raising rates for longer, further hitting the value of Japan's currency.
Ishii said that Japan needs to monitor the yen, which is at historically weak level, with a strong sense of urgency.
"Whether a weak yen or a strong yen, excess forex moves will have a very bad impact on the economy," Ishii told a news briefing.
Tags:
Related articles
4 big analyst picks: Snap gets a fresh upgrade; a big day for Tencent Music By
{Current column}Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades fo ...
Read moreWaller: Tariffs may prompt the Federal Reserve to cut interest rates
{Current column}On April 14, Federal Reserve Board Member Waller made a rare admission in his speech, acknowledging ...
Read moreJapan and the United States have initiated tariff negotiations, not involving currency issues.
{Current column}Japan's chief trade negotiator, Akira Amari, stated in Washington that the United States and Ja ...
Read more
Popular Articles
- Oil rally stalls as markets weigh tighter supply, demand disruption By
- Trump announces a 25% tariff on all imported cars, effective April 2.
- Walmart's stance on tariffs sparks a rare clash between the White House and corporations.
- South Korea cuts interest rates and lowers growth forecast.
- Biden sees shift in ties with China 'shortly', says G7 wants to de
- Waller: Tariffs may prompt the Federal Reserve to cut interest rates
Latest articles
-
Indicted FTX founder Bankman
-
Goldman Sachs predicts the Federal Reserve will cut interest rates three times this year.
-
Waller: High tariffs could prompt the Federal Reserve to cut interest rates
-
Trump suspends most tariffs, retains a baseline tariff of 10%.
-
S&P 500 slumps as Fed rate hike fears overshadow earnings
-
China cuts U.S. debt holdings as the UK becomes second