Economic news
Japan Finance Minister says govt ready to take action vs speculative yen moves
2022.10.13 00:06
© Reuters. FILE PHOTO: Japan’s Finance Minister Shunichi Suzuki bows his head as he finishes his news conference after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen in Tokyo, Japan September 22, 2022. REUTERS/Kim
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Wednesday the government will take decisive action in the currency market if speculative moves were seen in the yen.
“It’s not as if we have a specific (dollar/yen) level in mind. Instead, we’re looking at volatility,” Suzuki told reporters after attending the G7 and G20 finance leaders’ meeting in Washington.
