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Japan warns of action over rapid currency moves
Japan may have to take action against any disorderly, speculative-driven foreign exchange moves, the government's top currency diplomat Masato Kanda said on Tuesday, reinforcing Tokyo's readiness to intervene again to support a fragile yen. In a sign of authorities' alarm over recent yen falls, Bank of Japan Governor Kazuo Ueda said currency moves were among topics he discussed in a meeting with Prime Minister Fumio Kishida on Tuesday. Kanda, Japan's vice minister of finance for international affairs who also oversees the country's currency policy, said the government did not need to intervene if exchange rates move ... (full story)
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