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Japan Cabinet Secretary: Closely Watching FX Moves with Sense Of Urgency
JAPAN DEPUTY CHIEF CABINET SECRETARY: CLOSELY WATCHING FX MOVES WITH SENSE OF URGENCY #News #Forex #JAPAN
— Capital Hungry (@Capital_Hungry) April 20, 2022
Added at 10:30pm
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Japan deputy chief cabinet secretary says FX stability is important
Japan deputy chief cabinet secretary: • No comment on FX levels. • FX stability is important. • Closely watching FX moves with sense of urgency. • Excess FX volatility, disorderly FX movements could have an adverse effect on the economy and financial stability. If this is all new to you, these sorts of comments are aimed at slowing down the drop in the yen. It has slumped dramatically in past weeks and months. Japanese officials want to slow its fall. And there is some concern on the negative impacts of the weak yen now. The verbal interventions like this are the first step toward actual intervention. There ... (full story)
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